Malaysia’s UMW Toyota Motor Sdn. Bhd. says the current complete-knocked-down assembly of its cars will be restructured as the 10-member Association of Southeast Asian Nations’ Free Trade Area (AFTA) pact takes effect in the country. January marked the inauguration of Malaysia’s eased import duties. The new rules cut taxes on vehicles imported from ASEAN countries to 20% from as much as 190%. Eventually, the taxes will be eliminated. Toyota looks to improve market share in Malaysia. ...
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