Malaysia to deal with increasing GVC, says Muhyiddin


KUALA LUMPUR: The next stage of Malaysia's economic development will have to deal with increasing global value chains (GVC) to ensure that there is more value-added components domestically, says Deputy Prime Minister Tan Sri Muhyiddin Mohd Yassin. 

More than 50% of the world's manufactured imports are intermediate goods which was evidence of the trend towards heightened GVCs, he noted. 

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