IMPORT RESTRICTIONS IN THE MALAYSIAN （在马来西亚的进口限制）.pdf

IMPORT RESTRICTIONS IN THE MALAYSIAN AUTOMOTIVE PARTS INDUSTRY Research Paper November 2003 Executive Summary 1 Introduction 2 Opportunities for Foreign Auto Parts Suppliers 3 A. General 3 B. Automotive Assemblers 4 C. Components Manufacturers 4 D. Local Content Requirements 8 Tariffs and Legislation 8 A. General 8 B. Import Duties On Motor Vehicles 9 C. Import Duties On Automotive Parts and Components 9 D. Other Taxes 9 E. AP (Import License) System 10 F. Countervailing and Anti-Dumping Legislation 12 ASEAN Free Trade Area (AFTA) 12 Government Measures 13 Executive Summary ß Malaysia’s automotive industry (as with others in ASEAN) is a prestige or “strategic” industry characterized by tariff protection, subsidies, local content and similar policies. Thus, imports of auto parts are restricted, in tandem with broader restrictions on vehicle imports ß While ASEAN nations like Malaysia have attempted to develop industries on their own, rather than developing a more rational division of labor, there are opportunities for foreign suppliers to grow within the region due to fundamental competitive reasons, including the high risk to local players of relying on their small national markets ß The main opportunity for foreign suppliers lies in producing automotive components for which Malaysian technology is underdeveloped. PROTON, with its 60% market share, is the obvious principal target ß Currently, local content requirements are 30-45% for non-national cars and about 80% for national cars, and the local content requirements for non-PROTON