UPDATE 1-Malaysia cuts import tariffs on ASEAN automobiles


KUALA LUMPUR, Dec 24 (Reuters) - Malaysia will cut the import duty on automobiles from ASEAN countries to 20 percent from January 1, the finance ministry said on Friday, in order to meet the country's commitments under regional trade rules. Malaysia will also hike the excise duty on cars, in a range from 90 percent to 250 percent, the ministry said in a statement, adding that the government did not expect major price changes in cars produced or assembled in the country during 2005. "The ...

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