National Automotive Policy 2014 highlights
Publish date: Mon, 20 Jan 2014, 04:31 PM
KUALA LUMPUR: Following are highlights of the National Automotive Policy (NAP) 2014 unveiled by the International Trade and Industry Minister Datuk Seri Mustapa Mohamed today:
Objectives:
* to promote competitive and sustainable domestic automotive industry including the national automotive companies.
* to transform Malaysia into a regional automotive hub in energy-efficient vehicles (EEV)
* to promote higher value-added activities
* to bolster exports of vehicles and components
* to encourage participation of Bumiputera companies in total value chain of the domestic automotive industry
* to safeguard consumers' interest by offering safer and better quality products at competitive prices.
* Overall, the NAP 2014 provides a total financial package of about RM2 billion and measures and implementation plans to realise the NAP 2014
* The NAP 2014 targets at least 200,000 units of cars to be exported while exports of components will reach a minimum value of RM10 billion in 2020
* The government is open to possibilities to reduce excise duties gradually when the fiscal situation permits.
* On Approved Permits (APs), the government has decided an indepth study to be undertaken to asses the impact of the termination of Bumiputera participation in the auto industry.
* The NAP 2009 has specified for termination of the open AP by Dec 31, 2015 and the franchise AP by Dec 31, 2020.
Objectives:
* to promote competitive and sustainable domestic automotive industry including the national automotive companies.
* to transform Malaysia into a regional automotive hub in energy-efficient vehicles (EEV)
* to promote higher value-added activities
* to bolster exports of vehicles and components
* to encourage participation of Bumiputera companies in total value chain of the domestic automotive industry
* to safeguard consumers' interest by offering safer and better quality products at competitive prices.
* Overall, the NAP 2014 provides a total financial package of about RM2 billion and measures and implementation plans to realise the NAP 2014
* The NAP 2014 targets at least 200,000 units of cars to be exported while exports of components will reach a minimum value of RM10 billion in 2020
* The government is open to possibilities to reduce excise duties gradually when the fiscal situation permits.
* On Approved Permits (APs), the government has decided an indepth study to be undertaken to asses the impact of the termination of Bumiputera participation in the auto industry.
* The NAP 2009 has specified for termination of the open AP by Dec 31, 2015 and the franchise AP by Dec 31, 2020.
Discussions
Be the first to like this. Showing 5 of 5 comments
You are another fail person. Give it them a chance to prove the policies work or not. Simply say anything this people do is a fail project show how stupid u are Soo Wai Leng.
2014-01-20 21:26
Minister said APs to continue. No reduction in excise duty. Please add more kangkung in our diets.
2014-01-20 21:38
wait until next election year,everything will come down.Even certain people underwear.trust me..
2014-01-21 16:14
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Another sure fail project. These hooligans are still talking nonsense. Learn business and economic before start saying anything.
2014-01-20 17:34