small_toyota_hiace.jpgThailand’s refusal to lower it’s 20% import duties for incoming Malaysian exports down to AFTA’s 5% might result in UMW Toyota ending exports of the locally assembled Toyota Hiace van to Thailand. Due to the extra duties, UMW Toyota’s Hiace vans have had to be priced at a less competitive price in Thailand, so sales targets are much harder to meet. Thailand refuses to give Malaysia the 5% AFTA rates because it accused Malaysia to be non-compliant under the AFTA because of non-tariff barriers – the Approved Permits system! More details via additional readings below.

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