Search results with tag "Asean free trade area"

The Automotive Industry in Malaysia

With the implementation of the ommon Effective Preferential Tariff (EPT) scheme in the ASEAN Free Trade Area (AFTA), Malaysia had to decrease its import duties to 0%–5% by 2002. However, the government designated automobiles as sensitive items in order to hold off trade liberalisation until 2005.

  Area, Trade, Free, Asean, Asean free trade area