KUALA LUMPUR: Malaysia believes there is a need to revisit commitments to sustainable development, efficient global resources and fair and balanced trade among countries, says the Investment, Trade and Industry Ministry (Miti).
Its minister Tengku Datuk Seri Zafrul Abdul Aziz said countries must have shared values which will result in trade policies that can contribute to equitable and sustainable development.
“However, this should not be used as non-tariff measures to restrict trade flows.
“The proliferation of trade-related environmental measures such as the threat of environmental, social and governance by developed countries is among the most important aspects of international trade,” he said during the meeting of the equitable transition alliance.
The meeting was organised in conjunction with the World Economic Forum held in Riyadh, Saudi Arabia. — Bernama
