UPDATED @ 06:39:42 PM 27-02-2013 (TMI)
February 27, 2013
Visitors look during Toyota Motor Corp's cars during a company's showroom in Tokyo February 5, 2013. Reuters picKUALA LUMPUR, February twenty-seven
Putrajaya will have known a cut in car duties from Japan as well as Australia tomorrow, which would meant 0 duties after 3 years identical to cars from Asean nations.
The Star Online quoted Minister for International Trade as well as Industry, Datuk Seri Mustapa Mohamed, as saying currently which a rebate would camber 3 years for car models imagining from a two countries.
He declined to elaborate further as well as told a news portal which more details would be released tomorrow.
Malaysia exports Proton cars to Australia now, but does not import most vehicles from a Commonwealth country.
The Malaysian Insider understands which underneath a Malaysia-Australia Free Trade Agreement (FTA) which came into effect on Jan 1, Putrajaya has committed to cut duties from 15 per cent in 2013 to 10 per cent in 2014 as well as 5 per cent in 2015 with 0 duties in 2016.
The Edge, meanwhile, reported which a pierce is seen as a response to Pakatan Rakyat's guarantee to have cars cheaper by a rebate of assorted car taxes as settled in their election manifesto.
Malaysia is also a signatory to a Asean Free Trade Area (AFTA) agreement, which will liberalise a automotive attention by a end of 2015 by a removal of taxes on vehicles with during least 40 per cent Asean regional worth content.
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