The Australian export market has often been criticised for being ‘too’ dependant on China. Now we see a flip in international trade as China continues to ban products, Chinese Mills have been told to stop buy Australian Cotton, Australian Lobster have been held at Chinese airports, the suspension of Timber from Queensland, with the Australian wheat industry fearing itself to be next.
Successful management of this trade crisis will mean that Malaysia and other ASEAN countries emerge with strengthened economic positioning in global trade. By choosing pragmatic partners with innovative and green futures; Malaysia could come to be a strong economic force, given its great geopolitical positioning. The tides of trade are changing and with these changes the government has the opportunity to change how it manages imports and exports strategically.
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