Malaysia, Japan agree framework for free trade pact


KUALA LUMPUR, Malaysia, May 22 (Reuters) - Malaysia and Japan reached in-principle agreement for a free-trade pact on Sunday, overcoming differences on Malaysia's automotive policy which threatened to stall negotiations, Malaysia's trade minister and a Japanese trade official said. Malaysia seeks to shelter its state-controlled carmaker, Proton Holdings Bhd , from the full force of competition through tax breaks. The policy has been a thorny issue in most of the country's bilateral and ...

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