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Mahathir warns of possible trade sanctions on Malaysia – Daily Janasongjog

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Malaysian Prime Minister Mahathir Mohamad aforementioned on Monday his exports-reliant country may be hit with trade sanctions amid rising economic policy highlighted by the US-China tariff war.

Mahathir failed to mention the supply of doable sanctions on the Southeast Asian nation however aforementioned he was frustrated that proponents of trade were currently indulgence in restrictive trade practices on a “grand scale”.

“Unfortunately, we tend to area unit caught within the middle,” he told a conference within the capital national capital, concerning the US-China trade war.

“Economically we tend to area unit connected to each markets, and physically we tend to are caught in between for geographical reasons. There area unit even suggestion that we tend to ourselves would be a target for sanctions.”

The us and China were 2 of the 3 biggest export destinations for Asian country between Gregorian calendar month and August this year. Singapore was the highest destination.To cushion the impact of the collision between the superpowers, Mahathir aforementioned Asian country was collaborating additional with its regional neighbours.

Mahathir conjointly complained of being hangdog by powerful nations, concerning a campaign by European countries against Malaysia’s agricultural mainstay of oil. The edible oil contributed two.8% of Malaysia’s gross domestic product last year and four.5% to total exports.

“Having cleared most of their forests and refusing to scale back their pestilent emissions, they currently try and impoverish the poor by preventing them from clearing their forest for elbow room and earning a living,” he said.

The European Union passed associate act earlier this year to end oil from renewable fuel by 2030 thanks to deforestation issues.

There are issues that India, one in all the most important consumers of Malaysian oil, would prohibit imports of the merchandise thanks to a diplomatic row over comments created by Mahathir on New Delhi’s recent actions within the controversial South Asian region of geographic region.