MITI expects total trade to improve by 5% in 2025..

The Ministry of Investment, Trade and Industry (MITI) is targeting a five per cent increase in total trade for 2025, from RM2.879 trillion registered in 2024.

Its minister Tengku Datuk Seri Zafrul Abdul Aziz said, however, should there be tariffs imposed by the United States (US) or any new measures posed by other countries, there would be an impact, and Malaysia cannot deny that fact.

Tengku Zafrul said that although the target is lower than the year-on-year growth of nine per cent in 2024, five per cent is still growth.

But because of the challenges and assumptions that were made to the forecast, he said MITI expects that the growth would be in line with the country’s GDP growth which is between 4.5 and 5.5 per cent.

Meanwhile, elaborating on the free trade agreement (FTA) with the European Union (EU), Tengku Zafrul said that both parties have resumed meetings on the matter and that palm oil is no longer an issue.

Source: THESTAR