Commodities-based sectors early RCEP beneficiaries

“I think the immediate winners will be commodities-based players like palm oil players and palm oil-related products, rubber and rubber-related products and wood and wood-related products which include furniture. We are already quite strong in these industries, ” said independent project consultant Guanie Lim.

PETALING JAYA: Commodities-based industries are expected to be one of the early beneficiaries of the Regional Comprehensive Economic Partnership (RCEP) given Malaysia’s strong position in the sector.

The trade agreement will see member countries reducing 80%-90% of tariff lines and maintaining carve-outs for agricultural products.