Malaysia says tariff cuts won't lower car prices


KUALA LUMPUR, Nov 26 (Reuters) - Malaysia's trade minister said car prices will not drop next year, despite plans to slash import tariffs under a regional free trade pact. Malaysia will slash the tariff to 20 percent from Jan. 1 from as much as 190 percent for cars imported from fellow members of the Association of Southeast Asia Nations (ASEAN). It will be further cut to between zero and 5.0 percent in 2008. International Trade and Industry Minister Rafidah Aziz said the government had ...

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