KUALA LUMPUR: ASEAN must push structural reforms to strengthen private capital markets and enforce rules against non-tariff barriers (NTBs) if it is to remain competitive, said ASEAN-Business Advisory Council (ASEAN-BAC) chairman Tan Sri Nazir Razak.
He said existing mechanisms, such as the ASEAN Assist portal, had not been effective in addressing persons engaging in unfair trade practices or imposing barriers to trade, as businesses remain cautious about raising complaints for fear of victimisation.
