Minister of International Trade and Industry Tan Sri Muhyiddin Yassin has announced that his ministry will begin a review of the National Automotive Policy and if any changes are deemed necessary to increase the competitiveness of the Malaysian automotive industry, it will table the changes to the Cabinet before the end of 2008.
“A lot of issues need to be tackles as some areas have not been clearly specified under the policy. Industry players are not happy as the National Automotive Policy is more protective towards national cars,” said the minister. He also recently admitted that billions of ringgit worth of investment have been lost to other countries over the years as a result of policies that were not proactive.
NAP policies also seem susceptible to flipflopism, with the stand on automotive grey import permits being “no new open APs” at one moment and “new open APs issued for testing purposes” in another.