‘Souring ties have little impact on regional trade’

  • Nation
  • Friday, 10 Mar 2017

KUALA LUMPUR: Strained ties between Malaysia and North Korea has negligible impact on the nation’s regional trade, assured Deputy International Trade and Industry Minister Datuk Ahmad Maslan.

“There have been questions on whether the conflict with North Korea over the last two weeks will affect regional trade such as the Regional Comprehensive Economic Partnership (RCEP).

“This will not be the case as trade with the RCEP was RM1.49tril last year compared to North Korea, which only amounted to RM18.9mil.

“It is very small and has insignificant impact to our regional trade,” he said when answering a question by Charles Santiago (DAP-Klang).

Ahmad said that North Korea imported RM696.6mil worth of goods from Malaysia while we imported goods worth RM8.2mil from them last year.

“We exported goods worth RM785.9mil to North Korea last year while they exported goods worth RM10.77mil to us,” he said.

On the RCEP, Ahmad expressed confidence that trade negotiations could be concluded this year between Asean 10 and six regional nations.

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