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Interestingly, it is predicted by US’ National Association of Manufacturers that it will be able to double its exports to Malaysia by 2010. This might seem rather one-sided or biased.
Furthermore, it is a well-known fact Malaysia has relatively high tariffs. By establishing an FTA with the US, the tariff cuts which might be as drastic as 0% since it is a free trade agreement will affect Malaysia more, demanding a bigger sacrifice by Malaysia. This can bring a lot of impacts. For example, a huge tariff cut on tobacco and alcohol might bring a lot of negative externalities to the country which is trying to campaign against smoking as cigarettes now will be cheaper...
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Common topics in this essay:
- Maggi Malaysia
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