“We’re still on track to reach our growth target. If you look at our growth target, around 4% to 5%, that will still be achievable,” he told a press conference at Menara Miti here today.

While acknowledging that some trade might have been front-loaded over the past five months, Tengku Zafrul said he expected the momentum to continue.

“We’ll be releasing the latest trade figures for June this Friday, so you’ll be able to see the numbers then.”

On the ongoing tariff negotiations with the US, Tengku Zafrul said both sides were making progress.

“We had a productive discussion, our team and I, together with the office of the US trade representative. We’re now exploring various tariff and non-tariff items where we can reach an agreement.”

He said one of the key issues raised by the US was the liberalisation of foreign equity restrictions in certain strategic sectors.