All Malaysians - not just Malays - stand to lose out to big business should a free trade agreement (FTA) be
signed
between Asean and the European Union (EU), cautioned lobby group Monitoring Sustainability of Globalisation.
Its director Charles Santiago was picking up on revived public debate on the New Economic Policy (NEP) following
criticism
by European Commission (EC) envoy to Malaysia Thierry Rommel (
photo
) who described it as a deterrent to foreign investment.
While it is high time the government corrects the flawed aspects of the NEP, scrapping it in the context of FTA negotiations will not necessarily level the playing field for non-bumiputeras, Santiago said when contacted.
Its director Charles Santiago was picking up on revived public debate on the New Economic Policy (NEP) following
criticism
by European Commission (EC) envoy to Malaysia Thierry Rommel (
photo
) who described it as a deterrent to foreign investment.
While it is high time the government corrects the flawed aspects of the NEP, scrapping it in the context of FTA negotiations will not necessarily level the playing field for non-bumiputeras, Santiago said when contacted.
