Covid-19: Emerging Threats For Malaysia's Trade

Business Today Malaysia|April / May 2020

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Covid-19: Emerging Threats For Malaysia's Trade
Professor at the Faculty of Economics & Administration, University of Malaya. Her research focuses on international trade and regional integration. She currently serves as an Associate Editor to the International Journal of Social Economics and as a member to the Editorial Board of the Journal of Contemporary Asia. She has been engaged inn a number of international and local collaborative research projects. She received her Ph.D. (Economics) from the University of Malaya in 2006 and M.Soc.Sci. (Economics) from the National University of Singapore in 1992.
Evelyn S. Devadason

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.

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April / May 2020