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US firms given Bumi status under Anwar-Trump trade pact, claims Dr M

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The former prime minister says the agreement would compel Malaysia to purchase goods from the US and allow Washington to influence the country’s future trade policies.

PETALING JAYA: Former prime minister Dr Mahathir Mohamad has alleged that American companies have effectively been granted Bumiputera status under a reciprocal trade agreement signed by Malaysia and the US, calling it “a betrayal of Malaysia’s independence”.

“The effect is that all American companies have effectively obtained Bumiputera status under the Agreement on Reciprocal Trade (ART) signed by the prime minister,” he said.

“They are given Bumiputera privileges. America gets Bumiputera privileges,” he added during a press conference.

Tags:Anwar IbrahimBumiputeraDr Mahathir Mohamadtrade deal


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