00:00Dari segi ekonomi dan keselamatan negara, ini pun salah satu section dalam perbincangan dalam agreement kita
00:07dan kita telah pun mengetatkan pengeluaran sigil tempasal bukan keutamaan, this is the NPCO
00:13where we now have taken back that power and it's now under MITI and we are the exclusive agency, not agency lah, exclusive body that approved this
00:27Capital juga telah mengukurkan kawalan ke atas eksport chip on AI dari mikrosyarikat, that one under our strategic trade act under section 12
00:35So could you just give some clarity on the transshipment with President Trump that mentioned his executive order?
00:45So for transformation issue, that's why we decided on the NPCO, the certificate of origin
00:50So the concern is whether there will be products that are manufactured in Malaysia but actually not really manufactured in Malaysia
00:59It's just packaged in Malaysia and then to avoid the high tariff from other countries, let's say country A has a higher tariff
01:07They move their products, it could be China, it could be any other country
01:10Then they claim it's been produced here but actually it's been used just for transshipment
01:14Maybe they just do the packaging here, so that is why we took away the right of issuing the NPCO
01:21Now only MITI can issue the NPCO but when we issue the NPCO, we go and audit, verify whether this product is
01:30So there are cases, they must show that a lot of substantial processes of the activity in the manufacturing
01:42Outfit that they have here is done locally
01:45So this is where we go
01:47Before we, dulu they're based on trust
01:51You minta, the chamber goes to the chamber, chamber doesn't go physically there
01:55We go down physically
01:57Later, we're still finding out the report, I've not got the full report
02:02But there are examples of companies doing this
02:06Like it or not
02:08But many companies that do this, I'm afraid I'm going to minta
02:11Because once they minta, we have to go down
02:14There's 100% checked, it's not a random
02:16There's no sampling
02:17Every
02:18It does cause some delays
02:21But we have to do it
02:22No, it's just not allowed
02:34No, the product
02:39Yeah, so it's
02:40Okay, so the definition of transshipment, you know, basically, we are a trading country, so is Singapore
02:48There's a lot of transshipment activities because, you know, if you look at the trade value of Singapore
02:52It doesn't make sense that the country of, what, 5 million can consume that much, right?
02:58So it is a transshipment hub
02:59So it's a trading hub
03:02But transshipment hub, you must announce or you must declare correctly where is the product from
03:07Sometimes you have product A, it comes to Malaysia but it's meant for Thailand
03:11So but the cargo changes here, right?
03:14So but that's okay
03:15Because the product is from US, you declare it from US
03:17What, when you said the transshipment issue is the false declaration
03:22So they come to Malaysia and then they suddenly from China or from Vietnam or from wherever
03:28Then they repackage it here, then you chop it from Malaysia
03:32That, yeah, that is the transshipment issue
03:33There's no problem with transshipment if you declare correctly
03:36To avoid higher tarif
03:38Yeah, because again, the transshipment yang, the reason why they're doing this is more now than before
03:44It's because to avoid the higher tarif
03:46Because let's say country A, tarif 30 atau 40
03:49They akan bawa product they kat Malaysia
03:51And they pasang kat sini
03:53And then they chop
03:54In Malaysia, so they kena 19
03:56So that is what you cannot, especially if you avoid tarif
03:59Yeah, but if you don't, if you still declare China
04:04Then you, or Vietnam, or Vietnam say 20%, let's say 1%
04:08So then they, they, they boleh go through Malaysia, no problem
04:10But they kena lah the tarif rate of that country lah, not of Malaysia
04:13Yeah
04:14While you are against Shanghai, no problem
04:26Like, jak, je вIKI
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