Monitoring the potential threats of the Covid-19 pandemic to international trade is important for a highly trade dependent country like Malaysia. The latest monthly trade statistics released by the Malaysia External Trade Development Corporation (MATRADE) revealed that exports and imports had declined by 11.5 percent and 14.2 percent respectively, between January 2020 and February 2020. In fact, export contraction had already begun in 2019; the first-ever recorded decline since 2009.
The level of uncertainties in the growth of trade in Malaysia continues with the outbreak of Covid-19 due to disruption of supply chains, social distancing policy, production stoppages, slowdown in foreign direct investment (FDI) and rise in trade protectionism.
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Denne historien er fra April / May 2020-utgaven av Business Today Malaysia.
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