Tag Archives: P Ravindran
KUALA LUMPUR: Local companies, both big and small, need to “up their game” and gear up for competition with the upcoming Asean Economic Community (AEC) this year.
“With the market liberalisation, we’re talking about an economic community,” said International Trade and Industry Ministry Asean Economic Cooperation division senior director P Ravidran at a media roundtable yesterday on the impact of the Asean Free Trade Area on the commercial vehicle and logistics industry.
“The Government has put in place movements to remove barriers to trade, so it’s up to the private sector to take advantage and adjust their business models.”
He added that local companies could not just rely on the domestic market for growth.
“You have to export and with the removal of barriers to trade, it’s not just for the big companies to benefit, but also small and medium-sized enterprises.”
According to reports, the 10-member Asean has completed over 83% or 366 out of 436 economic... Read More