UPDATE 1-Malaysia, Japan agree framework for free trade pact

Newswire

(Adds quotes, background) By Mark Bendeich KUALA LUMPUR, May 22 (Reuters) - Malaysia and Japan reached in-principle agreement on a free trade pact on Sunday, overcoming some major differences on Malaysia's automotive policy, Malaysia's trade minister and a Japanese trade official said. Malaysia, Southeast Asia's biggest passenger car market, seeks to shelter its two major domestic carmakers from the full force of competition through tax breaks, a thorny issue in many of its bilateral ...

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