PETALING JAYA: The Federation of Malaysian Manufacturing (FMM) has called on the government to set up an export crisis response task force to tackle potential disruptions to global shipping caused by the Iran-US-Israel conflict and instability around the Strait of Hormuz.
FMM president Jacob Lee said countries like India and South Korea had already implemented similar coordination mechanisms to protect export flows amid global trade disruptions.
He said such a task force would serve as a dedicated government-industry platform to provide real-time intelligence on freight rates and shipping routes, coordinate government and industry responses, and introduce support measures for exporters facing higher costs or shipment delays.