ABC Money
Home

Malaysia ready to halt free trade talks with US after Lantos' demand - report


Published :
Fri, 02 Feb 2007 07:07
By : Agencies
Print this Story


AddThis Social Bookmark Button

KUALA LUMPUR (XFN-ASIA) - Malaysia is ready to halt free trade talks with the US after a US lawmaker called on President George Bush's administration to suspend all negotiations with Malaysia in protest against its energy deal with Iran, Trade Minister Rafidah Aziz said.

'I am ready to advise the government to halt negotiations with the US with immediate effect as they do not respect the preliminary conditions of the free trade negotiations,' Rafidah said in a report carried by daily Utusan Melayu.

Tom Lantos, the head of the US House of Representatives' top foreign affairs panel, urged the US government to suspend free trade negotiations with Malaysia to protest against its decision to allow a local company, SK Ventures Sdn Bhd, to develop two gasfields in Iran.

Rafidah said Malaysia does not need the free trade agreement and that it was the US who wanted the negotiations to continue.

She said the US has agreed from the beginning that the free trade negotiations will not touch on issues relating to political agendas and that there should not be any interference in either country's domestic policies.

Malaysia will continue to maintain harmonious diplomatic relations with any country in the world, except Israel, and that it will not bow to any nation, including the US, who wants to dictate which country Malaysia can have relations with, she added.

Rafidah is confident that the free trade negotiations will proceed despite Lantos' call as both countries have experienced such 'bad lobbying' before.

aipeng.soo@xinhuafinance.com

sap/jg




Share on


 You Might Like
US lawmaker demands suspension of free trade talks with Malaysia over Iran deal
Malaysian rice farmers, activists, demand halt to free trade talks with US
+
US-Malaysia FTA talks likely to conclude in March despite reservations - US
Malaysia, US within 'striking distance' of free trade deal - US official

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
8742.46
-27.24 ( -0.31 %)
NASDAQ
1617.01
+17.95 ( 1.13 %)
FTSE 100
4505.37
-2.14 ( -0.05 %)

SYMBOL ( 2009-01-08 )
LAST
CHANGE
RECKITT BENCKISER ( 11:35am )
2760.00
+80.00 ( 2.99 %)
IMPERIAL TOBACCO ( 11:35am )
1868.00
+48.00 ( 2.64 %)
ROYAL DUTCH SHELL ( 11:35am )
1841.00
+36.00 ( 2.01 %)
BRITISH AMERICAN TOBACCO ( 11:35am )
1786.00
+32.00 ( 1.84 %)
ROYAL DUTCH SHELL-B ( 11:35am )
1768.00
+32.00 ( 1.86 %)

SYMBOL ( 2009-01-08 )
LAST
CHANGE
EXXON MOBIL CORP ( 4:01pm )
79.09
+0.84 ( 1.08 %)
MICROSOFT ( 4:00pm )
20.12
+0.61 ( 3.10 %)
3M COMPANY ( 4:01pm )
58.58
+0.51 ( 0.88 %)
VERIZON COMMUNICATIONS INC ( 4:00pm )
32.39
+0.49 ( 1.54 %)
ALCOA INC ( 4:00pm )
11.36
+0.47 ( 4.42 %)

SYMBOL ( 2009-01-08 )
LAST
CHANGE
SEARS HOLDINGS CORPORATION ( 4:00pm )
49.98
+9.43 ( 20.96 %)
AMER SCI ENGR ( 4:00pm )
79.65
+7.87 ( 10.77 %)
FIRST SOLAR INC ( 4:00pm )
155.36
+6.86 ( 4.68 %)
COMM BANCORP INC ( 9:30am )
39.48
+4.47 ( 11.32 %)
ISRAMCO INC ( 1:42pm )
31.25
+4.39 ( 14.49 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.