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“This is a safeguard to protect Malaysia’s status as a responsible trade partner,” the ministry said in a statement issued on 14 July. “Firms found violating these controls will face legal action.”
French economist Thomas Piketty urged Western powers to take BRICS seriously, given its rising economic weight. He noted the bloc has surpassed the G7 in purchasing power parity, accounting for more than 32% of global GDP.
Southeast Asia (SEA) governments are seeking clarification and concessions after US Secretary of State Marco Rubio’s first official visit to the region, which followed the Trump administration’s decision to issue new tariff notices to nearly all ASEAN countries.
Indonesian President Prabowo Subianto described the deal as a win for economic sovereignty. “We agreed to deepen the Comprehensive Economic Partnership Agreement or CEPA to open up greater opportunities for sustainable trade and investment in the country,” Subianto wrote on Facebook.