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Peru: Malaysia hopes for normal economic, trade ties between China, US
Lima, Peru - November 13, 2024 Malaysia hopes to see China and the United States maintain normal economic and trade relations, as many other countries also have a stake in how the two major economies approach their ties, Malaysian Minister of Investment, Trade and Industry Tengku Zafrul Abdul Aziz said Wednesday in Lima, Peru. Tengku Zafrul Abdul Aziz is in the Peruvian capital for the 31st Asia Pacific Economic Cooperation (APEC) Economic Leaders' Meeting, which will gather dignitaries and representatives from the 21 APEC member economies for two days of engagement. Speaking in an interview with China Global Television Network (CGTN), the Malaysian minister underscored the influence of China and the U.S. on the global economy, saying the two sides should always work together to address their frictions and avoid negative implications. When asked how he felt about a potential meeting between the leaders of China and the U.S. on the sidelines of the Lima summit, Tengku Zafrul Abdul Aziz said it would be of great importance because other economies also stand to lose if the two major countries fail to properly handle their trade ties. The minister also weighed on the positive role of the Chancay Port, a major infrastructure project funded and built by China in Peru, in helping open new trade routes and bringing down shipping costs for Southeast Asian countries like Malaysia that also trade with Peru and other South American nations. Shotlist: Lima, Peru - Nov 13, 2024: FILE: Kuala Lumpur, Malaysia - Date Unknown 1. Various of national flag of Malaysia; Putrajaya Square; Lima, Peru - Nov 13, 2024 2. SOUNDBITE (English) Tengku Zafrul Abdul Aziz, Malaysian Minister of Investment, Trade and Industry (partially overlaid with shots 3-5): "When you look at the tariffs imposed, the trade tensions, technology wars between two major powers, of course we are concerned. I think it's important that this platform is being used to engage the United States and also engage China. If you look at these two economies [which account for] close to 45 percent of the world GDP and trade as well, there will be, to me, negative implications if the economies of the world trade less with each other."; [SHOTS OVERLAYING SOUNDBITE] Lima, Peru - Recent 3. Various of APEC 2024 signs; FILE: Beijing, China - Date Unknown 4. Aerial shots of Tian'anmen Rostrum, Chinese national flag, traffic; ornamental column; FILE: Washington D.C., USA - Oct 2024 5. Various of White House; [SHOTS OVERLAYING SOUNDBITE] Lima, Peru - Recent 6. Various of APEC 2024 signs; Lima, Peru - Nov 13, 2024 7. SOUNDBITE (English) Tengku Zafrul Abdul Aziz, Malaysian Minister of Investment, Trade and Industry (partially overlaid with shots 8-12/ending with shot 13): "I hope there is engagement and discussion of the potential repercussion, because if you look at the statistics among APEC member economies, they are heavily reliant on these two major economies when it comes to trade as well, and investment. So, we want to see, of course, these two nations continue to grow, because if they slow down, we slow down, too."; [SHOTS OVERLAYING SOUNDBITE] FILE: China - Date Unknown 8. Various of automated production lines; 9. Vehicles in factory; 10. Aerial shots of cargo ship, containers at port; 11. Trucks transporting containers; 12. Aerial shot of port; [SHOTS OVERLAYING SOUNDBITE] Lima, Peru - Recent 13. Various of national flag of Peru, APEC 2024 signs; Lima, Peru - Nov 13, 2024 14. SOUNDBITE (English) Tengku Zafrul Abdul Aziz, Malaysian Minister of Investment, Trade and Industry (ending with shot 16): "It is a big major investment by a Chinese company. We discussed this yesterday actually here, because we have one of our CEOs of the largest port in Malaysia [who] is also present here today. He briefed us about that positive prospects and how we also, I mean Malaysia, can benefit from this. So, I think that's positive. This will drive down costs and I think the one that will benefit at the end of the day is the consumers."; Chancay, Peru - Recent 15. Aerial shots of cranes, containers at Chancay Port; FILE: Chancay, Peru - June 14, 2024 16. Chancay Port, Peruvian national flag; 17. Sign of COSCO Shipping on container; Peruvian national flag. [Restriction - No access Chinese mainland]
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