Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
MCCC: China-based tire makers advised to move to Malaysia
+ -
15:49, September 26, 2009

 Related News
 U.S. consumers to be affected by tariff hike on Chinese tires
 China ministry welcomes U.S. court's ruling in favor of Hebei tire maker
 Riled Chinese tire-makers refuse to roll over
 Trade association proposes higher export tax rebate for tires
 China files WTO complaint over U.S. tyre tariffs
 Comment  Tell A Friend
 Print Format  Save Article
China-based tire manufacturers are advised to set up operations in Malaysia to avoid the extra duty imposed on their products when exporting to the United States.

Malaysian-China Chamber of Commerce (MCCC) Liew Choon Kong made this remark here on Saturday in the interview with Bernama, the country's national news agency.

The United States recently imposed a punitive tariff of 35 percent on Chinese-made tires imported by the U.S.

The practice of trade protectionism by the U.S. has led to strong objection by the China-based tire manufacturers.

According to Liew, tires produced in Malaysia would not be classified as Chinese made, allowing the tire makers to save on taxes if their products were made in and exported from Malaysia.

Moreover, China bought a lot of rubber from Malaysia for tire production, elaborated Liew.

Liew noted that amidst the current economic situation, the move would create more opportunities for business communities from both countries to collaborate.

He also said local food and beverage producers could tap the large market in China, especially the exports of coffee, a product China found difficult to obtain.

Source:Xinhua



  Your Message:   Most Commented:
Indian media stinks up public opinions
World's top ten most mysterious and horrible spots
Which country has the most beautiful women?
How do India's middle school textbooks portray China?
China denies entering other countries' airspace

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/90883/6768438.pdf