KUALA LUMPUR: A coordinated government-industry response is needed to address the growing impact of the Iran-US-Israel conflict and the disruption around the Strait of Hormuz on Malaysia’s manufacturing exports and maritime trade, said the Federation of Malaysian Manufacturing (FMM).
Its president, Jacob Lee Chor Kok proposed that the government establish an Export Crisis Response Task Force, an ad hoc government-industry mechanism that can be activated when trade disruptions arise to address operational challenges faced by exporters and shippers.
