Malaysia Pursues Pragmatic Trade Strategy Amid Global Uncertainty, Says PM Anwar Ibrahim

Petaling Jaya, The Gulf Observer: Prime Minister Anwar Ibrahim reaffirmed Malaysia’s pragmatic stance in navigating global trade uncertainties, particularly those stemming from shifting policies by economic powerhouses the United States and China.

Speaking in an Agenda Awani exclusive interview on Wednesday night, held in conjunction with Chinese President Xi Jinping’s state visit to Malaysia, Anwar emphasized that Malaysia, along with its fellow ASEAN member states, remains committed to strengthening intra-regional cooperation in response to external pressures.

“As discussed by the ASEAN ministers during the recent meetings on trade and finance, we will increase our intra-ASEAN collaboration. ASEAN itself has a strong position, and we would not sever our ties with any countries,” he said.

Acknowledging recent U.S. moves to raise tariffs on several nations, Anwar noted that while such actions may have adverse effects, Malaysia would continue to champion free trade and investment as a core principle.

“Our principle is that we practise free trade and we encourage investment. However, we will not be pressured by any side,” he said, adding that this position was unanimously supported by ASEAN member states for the collective well-being of the region.

Anwar also reaffirmed Malaysia’s strong and multi-sectoral trade relations with the United States, while underscoring a stable and respectful partnership with China.

“We have no issues with China. As long as we are treated as good friends, we (Malaysia) will reciprocate much better,” he added.

Reflecting on his diplomatic engagements with President Xi, Anwar praised the Chinese leader’s far-reaching vision that extends beyond economics. “Xi’s visions go beyond trade and economic cooperation, aligning closely with the Malaysia Madani framework, which stresses human values, unity, and the spirit of building civilisation.”

He also highlighted Xi’s appreciation for historical and civilisational discourse, in parallel with advancements in technology and economic development.

On maritime border disputes in the region, Anwar criticised Western powers for selectively targeting China. He noted that Malaysia has ongoing negotiations with several ASEAN countries over similar issues, but maintained that dialogue has always remained peaceful and respectful.

“Even if we have problems, we will find a common ground through negotiations. There was never any intimidation,” he stated.

Looking ahead to regional diplomacy, Anwar underscored the importance of the upcoming ASEAN-Gulf Cooperation Council (GCC)-China Summit, set to be hosted in Kuala Lumpur next month. He stated that the summit aims to deepen trade and diplomatic ties among ASEAN, China, and the Gulf nations, including Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, Kuwait, and Oman.

“This decision was taken to fortify trade and friendship among the countries involved,” Anwar concluded.