‘Buy local goods’ policy now a national priority, says Armizan
A cabinet committee on the use and purchase of Malaysian-made products would also examine challenges faced by small businesses from the influx of goods sold through online platforms.
Malaysian domestic trade and cost of living minister Armizan Mohd Ali has announced the establishment of a cabinet committee to prioritize the use and purchase of locally made goods. This policy, which was approved by the Cabinet on July 15, aims to empower small businesses and local traders to contribute to national economic growth.
The committee, chaired by Deputy Prime Minister Fadillah Yusof, will address challenges faced by these businesses, particularly the impact of online platforms and the influx of foreign products. Minister Ali emphasized that promoting local products extends beyond encouraging Malaysians to buy domestically made items; it also seeks to boost confidence in Malaysian brands and expand their market reach at national, regional, and global levels.
Ali noted that Malaysia's GDP growth rates have been consistent, reaching 3.7% in 2023, 5.1% in 2024, and 5.2% in 2025, with an anticipated 6% growth in the second quarter of 2026. He highlighted that strong domestic demand and sustained household spending have been crucial in maintaining this growth. The minister stressed that local products should be an integral part of this economic trajectory, as robust domestic consumption and consumer confidence are key to sustained economic expansion.
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- ‘Buy local goods’ policy now a national priority, says Armizan freemalaysiatoday.com
