World Bank has advised Malaysia to increase its trade diversification and strengthen investment competitiveness in the face of sustained external factors. – The Malaysian Insight pic by Kamal Ariffin, December 9, 2019.
THE more challenging external environment has underscored the need for Malaysia to increase trade diversification and strengthen investment competitiveness moving forward, according to the World Bank’s economic report. In its 21st edition of the Malaysia Economic Monitor - Making Ends Meet report launched today, it said in an environment of subdued global demand and increased protectionist tendencies among the major economies, a sustained commitment to deepening regional integration and addressing trade barriers is pivotal to preserve a vibrant trading environment and send confidence-building signals to investors.
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