Thailand is threatening retaliation after accusing Malaysia of breaching World Trade Organization rules by imposing an excise tax on imported vehicles at a higher rate than domestic vehicles are taxed. The Malaysian government on Jan. 1 cut import tariffs on vehicles and parts from the Association of Southeast Asian Nations under the ASEAN Free Trade Area agreement. Proton national car But to make up for lost revenue, the Malaysians raised excise tax rates and imposed them on both ...

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