‘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.
Domestic trade and cost of living minister Armizan Mohd Ali has declared the "buy local products" policy a national priority for Malaysia. At a recent Jom Malaysia festival in Batu Kawan, Penang, he announced the formation of a cabinet committee to oversee the policy. Deputy Prime Minister Fadillah Yusof will chair the committee, which is set to hold its inaugural meeting soon.
The committee's focus will be on addressing challenges faced by small businesses, including the impact of online platforms selling foreign-made goods. According to Ali, promoting local products aims to build confidence in Malaysian brands and expand market access from domestic to global markets. The government seeks to empower small businesses and local traders to become crucial contributors to national economic growth.
Malaysia's GDP grew by 3.7% in 2023, 5.1% in 2024, 5.2% in 2025, and 6% in the second quarter of 2026. Strong domestic demand and sustained household spending are among the factors supporting this consistent economic growth.
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