Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
No tax cut for sensitive items: official
+ -
19:44, September 23, 2009

 Related News
 Minister: Malaysia may look at AFTA for freer flow of goods
 Comment  Tell A Friend
 Print Format  Save Article
Items on sensitive list will not enjoy export tax cut when the ASEAN Free Trade Agreement (AFTA) comes into force on Jan. 1, 2010, a local media reported on Wednesday.

Bernama quoted Malaysian International Trade and Industry Minister Mustapa Mohamed as saying that this was agreed earlier by the 10 ASEAN member countries.

The list included rice, tobacco and alcohol, said the minister after hosting a festive celebration at Kota Baharu, the state capital of Kelantan State.

Established in 1992, AFTA aims to increase ASEAN's competitive advantage in the globalized market and create an integrated market in the region.

While reducing trade barriers by implementing tax cut is a vital step, ASEAN's ultimate goal is to totally eliminate import taxes.

The AFTA council agreed that the target dates to achieve this objective will be 2010 for the six original member countries and 2015 for the newer members namely Cambodia, Laos, Myanmar and Vietnam.

Mustapa said AFTA would be able to attract investors into the region , benefiting consumers with efficient production.

He also said that his ministry had been guiding the country's small and medium scale entrepreneurs through various programs so that they could grab the arising trade opportunities.

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?
Baby alien found by Mexican farmer
How do India's middle school textbooks portray China?

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