00:00Now, you see, an economic political philosopher, Schumpeter, he traces, or he traces the experience
00:24of countries during tribulations or economic crisis, and he used this phrase, gale of creative
00:37destruction, a period when there were issues, problems, wars, deflation, or now tariff, so
00:52you either become pessimistic or virtually hapless, or you create something new.
01:02There is somewhat the old order seemingly destroyed or half destroyed or cracked.
01:12That's why I say gale of creative destruction.
01:15Use destruction to be more creative.
01:17Now, you suggested something smart, what?
01:23Then try and use our local expertise.
01:28President Trump said no solar energy to be exported to America because there are Chinese companies
01:39based here.
01:40But there are other companies.
01:42So that's why our instruction is, all schools, universities, hospitals, use Malaysian-made solar panels.
01:55There's one, which means we can therefore probably mitigate partly the potential problem that we may face.
02:09That's what I mean by creative destruction.
02:13And then, of course, buy local products as far as possible.
02:16I think whether the question is whether you have impact or not, it's too early soon to say because
02:26President Trump gave a 90-day reprieve.
02:30And what is our largest export to the United States?
02:3660% of our products, 140, 130 billion ringgit, exported to the United States.
02:51Now, if they decide to say no, nothing from Malaysia, then we may have a problem.
02:56But for now, Sambiconductor, E&E, is excluded.
03:03Now, say if it is partly included, then we have to take measures how to then promote here.
03:11And what we did in the last two years since I took over as Prime Minister in the last two and a half years
03:17is to open up new markets.
03:19I've been traveling.
03:20We open up new markets other than India, China, Korea, Japan, increase trade within ASEAN.
03:31Increase our relations with other countries.
03:37In, for example, Egypt, somewhat new.
03:43In the last two years, we increased trade investment by 34%.
03:50Because it's a huge country.
03:52We've been engaging with the United States.
03:56We are now fast-tracking the agreement, FTA, free trade agreement, with EU, European Union.
04:09From last month, we managed to export our palm oil and their products to UK with no tariff.
04:16Because we have signed FTA with the United Kingdom.
04:19We've got Schneez.
04:23We'll this last month.
04:26We are now İhozan with the United States.
04:29I'm here to start the question.
04:31We'll see you next week after all.
04:34This is risen from the United States.
04:36Third,kat спaf kids are nine or 15, 100%.
04:383 Jewish countries W 빛ed next month.
04:38Last month, we're now going to take this you to join Japan,
04:41halfway to September 21st so you understand me,
04:43much happier, seven or 20th Śliq.
04:45So rest of this pamESS.
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