PETALING JAYA: Pivot your exports and imports to the Asean market and refine your business strategies to cope with congestion at the ports, the Federation of Malaysian Manufacturers (FMM) has urged local manufacturers and shippers.
Citing the region’s diverse economic development levels and industry specialisations as a robust alternative given current geopolitical uncertainties, FMM said it is important to leverage agreements such as the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), to which several Asean countries are signatories.
