Act quickly to benefit from US-China trade war, says think tank

The Socio-Economic Research Centre suggests ways the government can help facilitate trade diversions and relocation of businesses.FMTNews

The Socio-Economic Research Centre says the electric and electronics sector stands to benefit from the US-China trade war.

At a press briefing today, Socio-Economic Research Centre executive director Lee Heng Guie said the electric and electronics sector could especially benefit from the trade war. He said investors in China and the US would be strategising on long-term diversification as the trade war passes the one-year mark.“We have to continue to diversify sources of investments, suppliers, markets and products so that we are not at the mercy of the trade war.”

“It can consider an export credit scheme for SMEs to build their export capacity, reduce export duty on raw materials, assist in the exploration of new markers and provide incentives to attract multinational companies to establish principal hubs in Malaysia,” he said.

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