Kuala Lumpur (VNA) - Malaysia's Dewan Rakyat (House of Representatives) has passed the Countervailing and Anti-Dumping Duties (Amendment) Bill 2025, which outlined protections for the local industry to address unfair trade practices by foreign manufacturers or exporters.
Deputy Investment, Trade and Industry Minister Liew Chin Tong said that the bill’s objective is to ensure fair trade in an environment where the country is facing challenges encountered by local industries due to unfair trade practices, and to defend local industries.
Accordingly, Malaysia needs to make amendments to the Countervailing and Anti-Dumping Duties Act 1993 to protect local manufacturers from unfair price competition by foreign producers or exporters.
This 2025 amendment aligns with the government’s intention to enhance existing laws to protect local industry interests from any unfair trade practices that cause detrimental effects, he said.
Between 1995 and 2010, Malaysia initiated 43 antidumping actions against foreign exporters, and this number has increased to 67 actions from 2011 to 2024, Liew said./.
