Get realistic with USFTA

FEDERATION of Malaysian Manufacturers (FMM) president Datuk Yong Poh Kon claims that Malaysia has more to gain than lose from signing a free trade agreement (FTA) with the US (The Star, March 17). While claiming that a balance in views is necessary, it appears that his letter does not appear to be realistic about the possible gains for Malaysia under a USFTA.

Trade in Goods

He notes the high tariffs currently imposed on some Malaysian products, such as textiles, when they enter the US. In textiles and garments, it is not sure if the US will eliminate its tariffs immediately or over many years.

In some FTAs, the US did not agree to go to zero tariffs immediately but phased this over many years. Moreover, Malaysia is asked to accept the so-called