Govt Policies

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Auto industry needs long term planning

Extract from The Star Publication 5th June 1999

The automotive industrial cluster committee has been urged to submit more thorough long-term proposals to help the local industry expand and be more competitive in the international market.

International Trade and Industry Ministry Datuk Seri Rafidah Aziz said that which such proposals, she was confident that the local automotive industry would be able to overcome foreign competition when the Asean free trade agreement (Afta) was implemented.

The Afta would see a reduction of tariff from 5% to 0% on selected goods beginning Jan 1, 2002.

Rafidah told reporters after chairing a meeting of the industrial co-ordination council in Kuala Lumpur yesterday that the automotive industrial cluster committee had also been directed to come out with a works structure to increase the export of local automotive products.

“We will not set a time frame, but I hope these proposals could be enacted, we could discuss it together a the next meeting and subsequently submit it at the government level.”

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