Asean needs to revisit market sharing concept: Mahathir

Prime Minister of Malaysia Tun Dr Mahathir Mohamad speaks during the Malaysia-Philippines Business Forum at the Shang Ri La Hotel in Manila on March 7, 2019. — Bernama: Tun Dr Mahathir Mohamad has proposed that Asean member states need to revisit the old idea of sharing their domestic markets that was originally mooted when the regional block was set up in 1967.

Dr Mahathir asserted that the adoption of a market sharing concept among Asean member countries would be helpful in bringing common growth, development and prosperity to the region. Present were Malaysian Foreign Minister Datuk Saifuddin Abdullah, International Trade and Industry Minister Datuk Darell Leiking, and Philippines Secretary of Department of Trade and Industry Ramon M. Lopez.

Therefore, the Prime Minister said the idea of sharing markets among Asean countries should be revisited and studied again as to why the regional grouping was still not able to exploit its market of 600 million people.

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