BY # MUHAMMAD NUR ARIF, NUR AMIRUL DAN SHAHRUL BAKERY
ASEAN
Free Trade Area gave a lot of advantages to Malaysia such as the elimination of
tariff through AFTA could result in product price reductions. Secondly, it
could contribute in encouraging higher market competition. Thirdly, it also
could help ASEAN countries’ products gain access to regional market that
incorporate many substantial advantages. Fourthly, producers will benefit from
cheaper price of raw materials and affects consumers to get cheaper prices of
goods. Fifthly, consumers will benefit from cheaper prices of goods given lower
tariffs on a host of raw materials used by the region’s producers. Sixthly,
ASEAN will be integrated into a single market which is an important point
because the market will be stronger and larger with a high population. Lastly,
the export and investment sectors will generate higher potential in the long
term.
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