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.
Discussions
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Soo Wai Leng

Another sure fail project. These hooligans are still talking nonsense. Learn business and economic before start saying anything.

2014-01-20 17:34

izoklse

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

yipman

Minister said APs to continue. No reduction in excise duty. Please add more kangkung in our diets.

2014-01-20 21:38

Paul Tan

nap coverage - http://paultan.org/tags/nap-2014/

2014-01-21 00:00

myshare

wait until next election year,everything will come down.Even certain people underwear.trust me..

2014-01-21 16:14

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