MEDIA STATEMENT
CENTRAL ECONOMIC BUREAU PARTI PEJUANG TANAHAIR
PEJUANG RECOMMENDS IMPORT RESTRICTIONS ON SOME OVERSEAS GOODS ON THE MALAYSIAN E- COMMERCE PLATFORM TO ASSIST THE MICRO, SMALL AND MEDIUM INDUSTRIES DURING THE ECONOMIC RECOVERY.
1. Parti Pejuang Tanahair recommends that the government restrict the sale of certain categories of foreign goods in Malaysia e-commerce marketplace to help and protect local businesses in micro, small and medium industries to recover from the economic crisis that has plagued many businesses.
2. Malaysians bought products from China online worth US$49.4 billion in 2020 and was the world's fourth largest online buyer in terms of gross trade value at last year's 11.11 sales promotion. This is larger than Singapore (US $ 28.2 billion), Japan (US $ 13 billion), the United States (US $ 12.8 billion), and Taipei China (US $ 10.3 billion). The cash outflow of US$49 billion or RM220 billion is a large amount that can be spent on local goods.
3. There are 14.4 million e-commerce users in Malaysia, and it is expected to increase to almost 4 million new e-commerce users by 2025. This number represents 77% of our country's total population. The average online purchase per e-commerce user is US$383 per year and is expected to increase to US$530 per year by 2025. If local sectors are not promoted from the beginning, we fear not only local entrepreneurs, but the Malaysian economy will also be affected with imports exceeding total export.
