00:07Consider the geopolitical level places where power is moving now. You made reference to the
00:23Since February, for example, war has choked the states of Hormuz, one of the world's great energy arteries. The International
00:35Energy Agency, for example, calls it the largest supply disruption in the history of the global oil market.
00:45For every continent, giving us a horrendous problem, more, not only that the government, those in power, but more so
00:56the plight, the downtrodden.
00:59Tariffs, export controls, and limits on chips and critical minerals have turned trade into a means of pressure.
01:09For a country that lives by trade, and essentially Malaysia is one, with factories in the middle of the world,
01:18ships, supply chains, this is not a mere theoretical consideration.
01:24A trading nation that is naive about this does not stay a trading nation for long.
01:34So we have to deal with multilateral and international institutions.
01:43We can be preaching and hacking about democracy, human rights, and economic justice, but there is great reluctance from those
01:54wielding power to even reform the critical institutions, starting with the United Nations, World Trade Organization, the World Bank and
02:08the IMF.
02:11The Global South, through BRICS and other new initiatives, is trying to showcase the need to commensurate the numbers with
02:29some weight.
02:31Well, Malaysia is fortunately able to navigate under these turbulent waters by focusing on the economy and international trade, continue
02:46to engage well both with the West and the East, registering phenomenal growth due to our investments and trade with
02:57the United States, Europe,
02:59and considering China and the American countries, South Korea, and India as our great friends.
03:11It's tough to navigate, maintain the balance.
03:15Don't envy me because having to, for example, meet and discuss with President Xi Jinping last year here, and having
03:26to dance with President Donald Trump.
03:30So to keep the temperature down.
03:35And it was a limited success, by the way.
03:42So, but even then I'm not naive to consider this an easy part.
03:50We are fortunate to be in ASEAN where we together hold ASEAN's centrality, but it must mean capability, the power
04:04to shape events, not merely to host meetings.
04:10We have slight differences, but we are fortunate in this region, sanity prevail.
04:19Differences dealt through with negotiations, focusing on the economic trade investments.
04:28And we have learned from the experiences of other regions where the tendency to continue to engage in war, civil
04:46war over issues of boundary will lead to catastrophe for these countries.
04:56Again, for some of you, as we've just been here, thank you for your presence, but I'm not saying it's
05:03easy.
05:04We as a maritime country have problems with all of our neighbors, naturally.
05:09We, Thailand, Indonesia, Brunei, Philippines, even the South China Sea.
05:14But the relations are still excellent, which means you can deal with differences as civilized men and women.
05:28And I think credit goes to leaders in this region too that focuses and emphasizes the need to retain peace
05:38in order to prepare growth and economic development.
05:40For more blue conditions, thank you to look at your participation.
05:40Thank you so much.
05:41Thank you very much.
05:41Thank you always.
05:42Great taest it.
05:43Thank you very much.
05:44Thank you very much.
05:51You
