Business Today Malaysia|April / May 2020
Monitoring the potential threats of the Covid-19 pandemic to international trade is important for a highly trade dependent country like Malaysia. The latest monthly trade statistics released by the Malaysia External Trade Development Corporation (MATRADE) revealed that exports and imports had declined by 11.5 percent and 14.2 percent respectively, between January 2020 and February 2020. In fact, export contraction had already begun in 2019; the first-ever recorded decline since 2009.
The level of uncertainties in the growth of trade in Malaysia continues with the outbreak of Covid-19 due to disruption of supply chains, social distancing policy, production stoppages, slowdown in foreign direct investment (FDI) and rise in trade protectionism.
You can read up to 3 premium stories before you subscribe to Magzter GOLD
Log in, if you are already a subscriber
Get unlimited access to thousands of curated premium stories and 5,000+ magazines
READ THE ENTIRE ISSUE
April / May 2020