Impact of pharmaceuticals on Switzerland’s economy

Similarly, the exclusion of semiconductors is a strategic choice given their vital role in modern technology and electronics. Malaysia is home to a burgeoning semiconductor industry, with several multinational companies operating within its borders. By maintaining a tariff-free environment for semiconductors, Malaysia is likely to bolster its manufacturing capabilities and reinforce its status as a key player in the semiconductor supply chain.

Malaysia’s tariff policy on pharmaceuticals and semiconductors

Similarly, the exclusion of semiconductors is a strategic choice given their vital role in modern technology and electronics. Malaysia is home to a burgeoning semiconductor industry, with several multinational companies operating within its borders. By maintaining a tariff-free environment for semiconductors, Malaysia is likely to bolster its manufacturing capabilities and reinforce its status as a key player in the semiconductor supply chain.

Malaysia’s tariff strategy and rare earths export dynamics

Pharmaceuticals significantly impact Switzerland’s economy, representing about 40% of its total exports by value. This makes it the leading exporting sector for the country, with approximately 60% of these exports headed to the US. Therefore, the exemption in this context is particularly noteworthy.