(Courtesy: Official White House website) – DELIVERING PEACE AND PROSPERITY IN ONE HISTORIC DAY: Today in Kuala Lumpur, President Donald J. Trump brokered the Kuala Lumpur Peace Accords between Thailand and Cambodia, secured reciprocal trade deals with Malaysia and Cambodia, issued Joint Trade Statements with Thailand and Vietnam, elevated relations with Malaysia, and deepened U.S.-Cambodia cooperation on defense and transnational crime. President Trump also participated in the 13th annual U.S.-ASEAN Summit meeting.
ACHIEVING HISTORIC PEACE BETWEEN THAILAND AND CAMBODIA: President Trump and Malaysia’s Prime Minister Anwar Ibrahim hosted the Prime Ministers of Thailand and Cambodia to sign the ‘Kuala Lumpur Peace Accords’—a historic peace declaration ending border tensions between Thailand and Cambodia.
Through decisive U.S. diplomacy, Thailand and Cambodia reached a pivotal agreement to establish border observer teams, a critical step in solidifying long-term peace and fostering mutual trust between the two countries.
At the request of President Trump and pursuant to the commitments in the Kuala Lumpur Peace Accords, Thailand will release 18 Cambodian soldiers that have been detained since July.
This is a landmark achievement for international diplomacy that only President Trump could accomplish.
SECURING EVEN MORE TRADE DEALS: President Trump signed Agreements on Reciprocal Trade with Malaysia and Cambodia, and the United States announced frameworks for trade negotiations with Thailand and Vietnam.
The United States and Malaysia agreed to a historic trade deal that will open up Malaysia’s market for U.S. exports.
Malaysia will eliminate or reduce tariffs on nearly all U.S. exports, and allow non-discriminatory or preferential market access for U.S. agricultural and industrial goods.
Malaysia will address a range of non-tariff barriers to ensure that U.S. exporters can access its market. For example, Malaysia will end its discriminatory practices for U.S. motor vehicles, meaning that U.S. vehicles can compete on a level playing field in Malaysia’s market. Malaysia will also recognize U.S. regulatory oversight, ensuring that U.S. agricultural products can be exported to Malaysia without burdensome and duplicative regulatory requirements.
The United States and Cambodia agreed to a trade deal that will provide U.S. exporters with unprecedented access to Cambodia’s market.
Cambodia has agreed to eliminate all tariffs on U.S. goods, including food and agricultural products and industrial goods, meaning that U.S. exports to Cambodia will not face a duty.
Cambodia has committed to treat U.S. exports fairly, including recognizing U.S. regulatory oversight to ensure that U.S. goods do not need to undergo burdensome additional testing requirements.
U.S. exports to Cambodia will no longer face competitive disadvantages vis-à-vis other trading partners.
The United States and Thailand agreed to a framework for an agreement on reciprocal trade, which will address tariff and non-tariff barriers for agricultural products and industrial goods.
Under that framework, Thailand would eliminate tariff barriers on approximately 99% of goods, covering a full range of U.S. industrial and food and agricultural products.
The United States and Vietnam agreed to a framework for an agreement on reciprocal, fair, and balanced trade, which will address tariff and on-tariff barriers for U.S. agricultural products and industrial goods.
Under that framework, Vietnam would provide preferential market access for substantially all U.S. industrial and agricultural exports to Vietnam.
ENHANCING THE U.S.-MALAYSIA RELATIONSHIP: President Trump and Prime Minister Anwar announced transformative deals that will deliver billions into the U.S. economy.
These groundbreaking deals include:
Up to $3.4 billion annually in U.S. LNG purchases through multi-year agreements with Petronas in Malaysia.
$42.6 million annually in U.S. coal sales to TNB Fuel in Malaysia and purchases of U.S. telecommunication products and services valued at $119 million.
Purchase of 30 Boeing aircraft plus a purchase option for 30 additional aircraft.
Purchases of U.S. semiconductors, aerospace components, and data center equipment with an estimated value of $150 billion.
The United States and Malaysia signed a Memorandum of Understanding (MOU) on critical minerals which will lead to an expansion of trade and investments in critical minerals, including in exploration, extraction, refinement, manufacturing, recovery, and recycling. This will create new opportunities for U.S. and Malaysian companies, open up alternative markets for critical minerals, and help diversify global critical mineral supply chains.
The President and Prime Minister announced elevation of bilateral relations to a Comprehensive Strategic Partnership, marking a historic advancement in bilateral ties.
The U.S. and Malaysian governments signed an MOU to deepen cooperation on maritime security and maritime domain awareness.
Maintaining a long tradition of U.S. leadership in space, the Philippines and Malaysia committed to principles of safe and transparent space exploration by signing the Artemis Accords, bringing the total number of signatory countries to 59.
UNLOCKING NEW OPPORTUNITIES WITH CAMBODIA: President Trump and Cambodian Prime Minister Hun Manet met for the first leader-level engagement between the United States and Cambodia since Hun Manet became Prime Minister.
Based on Cambodia’s diligent pursuit of peace and security, the United States will remove the arms embargo on Cambodia, and both sides agreed to restart the bilateral ANGKOR SENTINEL defense exercise, last held in 2017. Additionally, the United States will increase seats for Cambodian officers at U.S. military colleges such as West Point, Air Force Academy, and others.
The United States and Cambodia agreed to expand cooperation on combating transnational crime organizations, including narcotics trafficators and online scam centers – criminal enterprises that steal over $10 billion annually from vulnerable Americans.
STRENGTHENING OUR RELATIONSHIP WITH THAILAND: President Trump secured commitments from Thailand that will expand our defense relationship and further secure our supply chains.
Thailand and the United States will enhance cooperation and information sharing between U.S. and Thai law enforcement to advance joint investigations of cyber and financial crimes associated with scam centers.
President Trump and Prime Minister Anutin Charnvirakul signed a MOU that will secure and diversify critical minerals supplies, promote partnerships between U.S. and Thai companies, and increase global supply chain resilience.
Importantly, these efforts will mitigate the negative impact of anti-competitive behavior and unfair trade practices such as dumping, heavy subsidies, and low standards through price floors and similar measures.
