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PETALING JAYA: The plans of Pakatan Harapan's government to impose conditions on the import of foreign vehicles do not bode well for former prime minister Datuk Seri Najib Tun Razak
. According to him, Malaysia is a signatory to various international free trade agreements.
He added that the implementation of protectionism on the local market would create a training effect on the part of Malaysia.
"Goods prices will rise and Malays will have to spend more, while at the same time the country's exports to various industries will be less competitive," he said in a statement posted on Facebook on Monday (July 30th).
Najib's remarks come after Tunisian Prime Minister Mahathir Mohamad said
Mr. Mahathir said that if the government agreed with the practice of free trade, other countries imposed conditions on their own markets.
Najib said: "It is an irony that the Malays voted for cheaper oil prices and abolished tolls, and they did not understand it." Instead, they have been "rewarded" by higher car prices. "
Najib said that during his tenure as prime minister, exorbitant car prices and Proton's protectionism were among the main complaints of Malaysians. Once I had a policy to increase car prices, I know that the high price of cars is a burden for Malaysians, especially for those in low and middle income groups.
"Those who are rich people can only buy cars with money, for example, if a car is sold 20 thousand RM more expensive, Najib said that it would make pay to buyers who will get a loan of 9 years at a 4% interest rate an additional RM 28,000.
He added that higher car prices would cause an increase in the cost of assembly and annual auto insurance, which would overwhelm Malaysians
"It's unfair for people because Malaysians have the right to buy cheaper cars equipped with various modern features.Pakatan had once promised to lower car prices.However, it seems that in the obtaining of power , they forgot their promises, "he added.
According to Najib, the previous administration of Barisan Nasional decided to abolish a 10% import tax for cars Najib added that the Barisan government had also halted the practice of granting approved franchise (PA) licenses to intermediaries, which is a practice that was heir to the administration of Dr. Mahathir. 19659002] Instead, the PA is granted directly to car manufacturers and distributors, and vehicle prices have been controlled to ensure that Malays do not pay excessively for a car
. that the controversial GST has played a role in reducing car prices, because it is capped at 6%, compared to the SST which is capped at 10%.
"As a result, the prices of cars for many models have dropped to uring my administration.With the increase in incomes, the decline in car prices offers Malaysians a greater choice of cars. [19659002"Thisisreflectedintheroadstodaybecauseweareabletoseeallkindsofcars"saidNajibwhoalsorefutedallegationsthathedoesnotsupportProton'splanspointingoutthatPreviousBarisanadministrationhadgrantedaresearchanddevelopmentgrantworthR11billionandaloanofR15billiontoProton
.The government had also granted a grant from RM 270 million to Proton in 2010 for a joint venture with a UK-based company to develop cars and trucks running on electricity.
"However, the investment t failed with Dr. Mahathir. and the government has decided to stop channeling funds. This angered Dr. Mahathir. "
Najib said that Malaysians do not deserve to bear the burden of Proton's problems because he had to be competitive with his own ability."
"If Perodua is able to Indeed, Proton is not able to do the same thing," he added.
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