KUALA LUMPUR: The government has been
careful in its steps to liberalise the country’s automotive industry to
ensure that the moves will not have any negative implications on the
development of the industry as a whole.
Deputy International Trade and Industry Minister Datuk Jacob Dungau
Sagan said the liberalisation was taken to create competition and
consequently raise the competitiveness of the local automotive industry.
“Among the liberalisation measures are the reduction and abolishment
of import duties on automotive products via the signing of various free
trade agreements, the lift on the freeze on manufacturing licenses for
selected automotive segments identified as being strategic and with high
impact on the country’s economy under the reviewed National Automotive
Policy.”
Apart from that, the limit placed on the quantity of completely
built-up units (CBU) imported from Asean was also removed, he said when
replying to a question from Azan Ismail (PKR-Indera Mahkota) at the
Dewan Rakyat here yesterday.
Azan wanted to know the effects of the liberalisation policy.
Jacob said in general, liberalisation was also undertaken to achieve
several objectives including attracting new investments into the
country through an environment that supported the development of
technology and skilled workforce.
“It is also intended to encourage production activities in the niche
and high value added areas, and to create competition through increased
industrial competitiveness.
“It is to also offer more choices to cater to the varied taste of
consumers while increase the quality of production from collaborations
with strategic partners.”
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