KUCHING: Sarawak will diversify its trade strategies and strengthen its economic resilience amid global geopolitical uncertainties.
Deputy Premier and Minister for International Trade and Investment Datuk Amar Awang Tengah Ali Hasan said the reciprocal tariffs imposed by the United States would have minimal impact on Sarawak’s exports as the state does not rely on US markets for its products.
Awang Tengah conceded there would be moderate disruptions in the trade sector, particularly concerning electronic products. However, Sarawak is well-positioned to tap into opportunities in other markets.
“There’s not much import from America, and maybe this is also an opportunity. Even China is reassessing its needs, so we have many advantages.
“What’s important is that we must be smart enough to adapt.”
He said this when met at the Aidilfitri gathering hosted by the Ministry of Natural Resources and Urban Development and the Ministry of International Trade and Investment at Raia Hotel here Tuesday night.
Awang Tengah noted that trade between Sarawak and the US was valued at only RM4.5 billion last year – accounting for just 1.4 per cent of Malaysia’s total trade with the US, which stood at RM324.9 billion.
He also emphasised the need for Sarawak to be proactive in expanding its global trade network, aligning with the state’s open and competitive trade policy.
“Now is the time for us to explore new markets. We already have trade agreements with countries like New Zealand, European nations, South America, and Asia-Pacific regions such as India and China. These are all major opportunities we must capitalise on,” he added.
Awang Tengah also highlighted the importance of the Federal Government’s active role in negotiations with the US and fostering regional cooperation within ASEAN to mitigate long-term trade risks.
With this adaptive approach, Sarawak is expected to maintain its economic growth momentum and strengthen its position as a key player in regional and global trade.
