Agreement Between the United States of America and Malaysia on Recipricol Trade

Key Points

• President Trump signed a new trade deal with Malaysia to make it easier for American companies to sell products there. The agreement lowers taxes on goods and removes complicated rules that previously blocked American farmers and businesses from entering the Malaysian market.
• Malaysia has committed to investing about $70 billion into the United States over the next 10 years. This money is expected to create new jobs in America, while the U.S. government will help support building important infrastructure like power plants and internet services in Malaysia.
• The deal protects American technology by banning Malaysia from forcing U.S. companies to hand over their secret computer code or software to do business there. It also stops Malaysia from placing special taxes on digital services like streaming or online downloads from U.S. companies.
• Malaysia agreed to follow the same security rules as the U.S. regarding which countries and companies can buy sensitive technology. They also promised to ban products made with forced labor and to protect workers' rights, ensuring that trade is fair for American workers.
• The agreement helps American farmers by ensuring Malaysia uses scientific evidence for food safety rules rather than using them as an excuse to block U.S. crops. It also protects the names of American meats and cheeses so they can be sold without legal trouble.