The US has agreed to consider granting zero tariff rates on several commodity products proposed by Malaysia, including palm oil and cocoa, which are expected to be finalised next month.
Malaysia’s chief negotiator for official tariff negotiations, Mastura Ahmad Mustafa, said the US was also considering zero tariffs for furniture, automotive parts and components, as well as aerospace parts and components.
Mastura, the deputy secretary-general of the investment, trade and industry ministry, said the US side had conveyed the matter in several prior negotiation sessions.
“As mentioned, we are currently in the process of detailing the agreement on reciprocal tariffs. Starting yesterday, we have arranged several virtual sessions with the US to finalise the…