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Companies / Malaysia

Thailand And Malaysia In Tariff Tiff

July 2006 | Industry News

Thailand's Fiscal Policy Office has refused to reduce the import duty on vehicles from Malaysia, claiming that its ASEAN neighbour still has non-tariff barriers in place, which contravene the AFTA agreement. As a result, Thailand will retain the existing 20% duty on Malaysian vehicles, despite Malaysia's reduction of the duty on all ASEAN-built vehicles to 5% under its new National Automotive Policy

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