With the deepening of global economic integration, international trade has become increasingly frequent, but the problem of the proliferation of cheap goods has also gradually emerged, posing an undeniable impact on local industries in many countries. Recently, the Malaysian Ministry of Investment, Trade and Industry (hereinafter referred to asThe Malaysian Ministry of Trade has announced an important initiative to revise the current anti-dumping laws, which is expected to be submitted to Parliament for review next year to address the harm caused to local businesses by cheap imported goods, including those from China.

The background of this decision is the influx of a large number of cheap imported goods into the Malaysian market in recent years, especially from ChinaWaiting for some countriesThe significant price advantage of these products poses direct competitive pressure on small and medium-sized enterprises in Malaysia. Malaysia's Deputy Minister of Trade, Liu Zhendong, stated in a speech to Parliament that the government attaches great importance to this issue and has decided to take action to protect the domestic manufacturing industry from unfair trade practices. He emphasized that revising the anti-dumping law is not only a summary of past experience, but also a positive response to future changes in the trade environment.

Liu Zhendong pointed out that sinceBetween 2015 and 2023, the Malaysian Ministry of Trade has targetedOther countriesExporters have implementedNine anti-dumping measures have to some extent alleviated the impact of cheap goods on domestic industries. However, with the continuous changes in the international trade situation, the existing anti-dumping laws are no longer able to meet current needs, and therefore must be revised and improved.

It is worth noting that the action taken by the Malaysian Ministry of Trade coincides with the approach taken by the Indonesian Ministry of Trade. Indonesia is also actively taking measures to review and regulate cheap foreign goods dumped into its domestic market, in order to protect the healthy development of its domestic industry. This indicates that in the context of globalization, how to effectively address the problem of the proliferation of cheap goods has become a common challenge faced by multiple countries.

Liu Zhendong also stated that the Malaysian Ministry of Trade will work closely with the Chinese Chamber of Commerce to jointly study the impact of Chinese products on local enterprises and find win-win solutions. He emphasized that as one of Malaysia's largest trading partners, China's cooperation between the two countries is not only related to the economic interests of both sides, but also to the well-being of the two peoples. Therefore, while strengthening trade relations, it is also necessary to ensure that the competitiveness of domestic manufacturers is not compromised.

Data shows that this yearBetween January and April, the trade volume between Malaysia and China increased by 5.9% compared to the same period last year, reaching RM151 billion (approximately USD 29.8 billion). This number not only reflects the close trade relationship between China and Malaysia, but also indicates the possibility of cooperation in more fields in the future. However, as trade volume continues to grow, how to balance trade interests with protecting local industries has become a question that the Malaysian Ministry of Trade needs to ponder deeply. The Malaysian Ministry of Trade's plan to revise anti-dumping laws is an important measure to address the challenge of the proliferation of cheap goods and protect domestic small and medium-sized enterprises from unfair trade impacts.