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MITI to Brief US on Excess Capacity
8 articles |
Updated 18h ago |
Created 2d ago
The Malaysian Ministry of Investment, Trade, and Industry will provide an explanation regarding allegations from the United States concerning structural excess capacity in production alongside claims involving forced labour. These issues are currently under investigation as part of a probe into Malaysia's compliance with Sections 298(b) or Section 301(a)(4), depending on specific regulatory interpretations cited by officials, though reports consistently reference broader trade act provisions regarding unfair practices and market disruption.
Key Points
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1The Malaysian Ministry of Investment Trade and Industry (MITI) will provide an explanation to the United States regarding allegations under Section 301(b).
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2Key issues being addressed include structural excess capacity, production levels in Malaysia's steel industry, and claims related to forced labour.
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3These matters are currently subjects of investigation by US authorities as part of their trade probe.
Developments
[Mar 14]
MITI confirmed it will explain allegations regarding excess capacity and forced labour to the United States under Section 301(b) investigation (reported at various times between midnight on Mar 12/early morning).
Malaysia sedia jelaskan isu lebihan kapasiti, buruh paksa dalam siasatan Seksyen 301 AS
Bharian.com.my
1d ago