Malaysia cuts duty on imported ASEAN autos to 20 pct

Newswire

KUALA LUMPUR, Dec 24 (Reuters) - Malaysia will cut the duty on automobiles imported from ASEAN countries to 20 percent from January 1, the finance ministry said on Friday, in order to meet the country's commitments under regional trade rules. Malaysia will also hike the excise duty on cars, in a range from 90 percent to 250 percent, the ministry said in a statement, adding that the government did not expect major price changes in cars produced or assembled in the country during 2005.

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