Malaysia's International Trade and Industry Minister Rafidah Aziz says the country is prepared to retaliate over Thailand's decision not to lower tariffs for Malaysian vehicle imports from the current 20%. Under the Association of South East Asian Nations' Common Effective Preferential Tariff (CEPT), products traded within ASEAN countries that meet a 40% ASEAN content requirement are eligible for a tariff rate between 0%-5%. "We are very firm in our position and we are looking to ...
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