PETALING JAYA: Malaysia is unlikely to be immediately affected by the United States’ threats to slap additional 25% tariffs on countries trading with Iran, but Putrajaya is still bound to align with the Agreement on Reciprocal Trade (ART) that it signed last year.
Economist Geoffrey Williams said Malaysia’s total trade with Iran was valued at RM2.6bil in 2024, up 24.6% from the previous year, with exports largely consisting of palm oil and imports mainly Iranian oil and gas products.
