Minister of Domestic Trade and Consumer Affairs Datuk Shahrir Samad is of the opinion that the Approved Permits system (which are used to control the import of CBU cars into Malaysia, amongst other things) should be abolished.
In a report in this week’s The Edge Weekly, Datuk Shahrir said despite the government saying Approved Permits are more of a formality rather than a control system, they can be a barrier and be open to abuse. The Approved Permits system has to be abolished to prevent a group of local companies from forming a cartel to keep prices high and hold back supplies.
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AI-generated Summary ✨
Comments broadly support Shahrir’s call to abolish APs, with many believing it would make car prices more affordable and promote market competition. Some are skeptical about immediate change, citing government corruption, monopolies, and potential new taxes. Several comments criticize current inequality and the high costs caused by APs, hoping for transparency and true market opening. Overall, commenters express a desire for reform, but with doubts about actual implementation and timing.