Malaysia to announce new auto tariffs on Friday

Newswire

KUALA LUMPUR, Dec 23 (Reuters) - Malaysia will unveil on Friday a new structure of automobile tariffs in line with regional trade rules, although the government says the new policy will not result in lower car prices. A finance ministry official said a statement would be issued by 5 p.m. (0900 GMT), when the stock market closes. Many Malaysians have delayed purchases in anticipation of the changes, as the ASEAN Free Trade Area (AFTA) rules require their country to cut tariffs from Jan 1 ...

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