Unleveled playing field under ASEAN China FTA - Aluminium Makers

According to the Federation of Malaysian Manufacturers Aluminium Manufacturers Group, an unlevelled playing field exists under the ASEAN China free trade agreement.

The group said in a memorandum to the Ministry of International Trade and Industry dialogue that cost of raw materials traded at the Shanghai Futures Exchange is lower compared to the London Metal Exchange.

The FMM AMGM called on the ministry to get feedback from critically affected industries in ASEAN such as the aluminium industry. It said that a joint ASEAN approach to safeguard the aluminium industry from excessively unfair trade include the possible implementation of safeguard duties or deferment of the 0% duty until unfair trade practices are restored.

The group noted that many countries, including India and those in the European Union had already implemented safeguard duties against importation of Chinese aluminium products.

Mr Datuk Seri Mustapa Mohamed international trade and industry minister of Malaysia said the government was monitoring the situation and would not backtrack on its commitment under the ASEAN China FTA. He said that there are safeguard measures in problems relating to trade practices.

Meanwhile, the Malaysia Mould and Die Association in its memorandum to MITI highlighted the lack of workers due to inadequate training programmes and continuous exodus of trained workers due to opportunities abroad. The Association said that the future of the mould and die industry remains bright considering the high annual market demand.

(Sourced from Bernama.com)

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