Govt to conduct further studies on cabotage policy, says anthonyloke
In a written parliamentary reply, transport minister Loke Siew Fook said that the studies will take into account the industry’s needs as well as other micro and macro factors. “The ministry is actively conducting engagement sessions with stakeholders and related parties to obtain a win-win solution for all parties involved, especially foreign investors, telecommunication companies, and local shipping industry players,” he said.
Cabotage refers to the right to operate vessels in a particular territory, with laws largely meant to protect domestic industries from foreign competition, ensure the safety of a country’s borders, and regulate activities in a country’s waters.A cabotage exemption allows foreign vessels to carry out certain activities, such as undersea cable repairs, free from certain restrictions.
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