Extract from “Chinese SMEs can survive the TPPA”

Once the TPPA is in full force, with foreign companies offering products and services of better quality within the domestic market, all local SMEs are expected to face stiff competition. This is because the TPPA will bring about increased competition through autonomous liberalisation, rising labour costs, and the introduction of new policies.

“All SMEs will have to make adjustments as the country progresses. We expect many Chinese SMEs to survive and others to diversify. There will be also be emergence of new SMEs to tap into new markets and new opportunities,” says Datuk Ter Leong Yap, president of the Associated Chinese Chamber and Industry of Malaysia (ACCCIM).

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