Malaysian car buyers will see no price reductions when import tariffs are cut to the maximum 5% under the Assn. of Southeast Asian Nations (ASEAN) Free Trade Agreement. Malaysian Prime Minister Mahathir Mohammed says in published reports that new taxes will replace the tariffs. "All cars will be subjected to the same tax, so the price is not going to go down, sorry," he is quoted as saying. "Some people are waiting for the price to go down, but it won't happen.” Malaysian car ...
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