Fair trade finally applied to Malaysian vehicles

Thailand has finally done the right thing and applied the Common Effective Preferential Tariff (CEPT) to Malaysian built vehicles. Up to now Thailand maintained a 20% tariff on Malaysian imports citing the Malaysian Approved Permits (AP) system as a barrier to market for Thai built vehicles.

It seems that Thailand has finally conceded that the AP system is not a problem, and so the zero to five percent tariff will apply in accordance with the CEPT.

You can read the full story here.

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