KUALA LUMPUR, Nov 25 (Bernama) — The national automobile industry needs to step up its competitiveness, particularly in the export market, given the rising intense competition from global players, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
He said the ministry was not happy with the current export performance of the industry unlike the offtake of auto-components which was performing well.
Mustafa said the local industry would have to be mindful of the fact that in the next few years China would slowly, but surely, emerge as an important exporter.
“Exports is one indicator of how competitive we are because we are competing against big giants from Japan, Korea and the United States.
“Increasingly, perhaps in the future, we should be aware that the Chinese are building capabilities in the automobile sector,” he told a press conference after witnessing the signing of a vendor development programme by five companies here Tuesday.
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