Malaysia steps up trade in, outside region
Kuala Lumpur (VNA) - Malaysia can
continue to bank on its strong bilateral trade and investment linkages,
especially within ASEAN, to boost its trade as well as take advantage of
various trade pacts such as the Comprehensive and Progressive Agreement for
Trans-Pacific Partnership (CPTPP), said a Malaysian scholar.
Tan
Sri Dr Munir Majid, Chairman of CIMB ASEAN Research Institute (CARI) ASEAN
Research and Advocacy, said the country must also not be afraid of
opportunities such as those offered by the CPTPP.
He said that the talk on the Asian Monetary Fund (AMF), which was mooted by
the Prime Minister recently, is timely.
There
are still good extra-regional markets such as Mexico and Canada, he said, adding that the European Union (EU)
should not be forgotten. Even the US, Mexico and Canada, as there is an FTA
among the three.
Besides, the Federation of
Malaysian Manufacturers (FMM) also urged the Government to sign preferential trade
agreements with emerging countries such as Bangladesh and Middle East
countries, especially the United Arab Emirates./.