Wednesday May 14, 2008
PM: No protectionism for Proton anymore
THE Government has stopped practising the protective policy towards national carmaker Proton, said Prime Minister Datuk Seri Abdullah Ahmad Badawi.
He said this was to increase the automotive industry’s competitiveness in the country.
“The Government has implemented various measures such as giving incentives and grants, technical training through international strategic partnership, which also benefit the entire industry, including Proton and Perodua.
“All car manufacturers whether they are local, foreign or joint-venture companies get to enjoy the Industrial Adjustment Fund, which exempts excise payment to a particular car model depending on the manufacturer’s investment in Malaysia,” he said in a written reply to Hee Loy Sian (PKR – Petaling Jaya Selatan).
Abdullah also said that the Government was gradually allowing more liberalisation in the industry through free trade agreements.
“For example, under the Asean Common Effective Preferential Tariff, import duties for completely built-up vehicles have been reduced to 5% on Jan 1, 2007, and completely knocked-down vehicles are exempted from import duties,” he said.
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