KUALA LUMPUR: The Government still retains the approved permit (AP) policy for the import of used cars, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said.
He said the abolishment of the policy was still being studied as it was a rather complex exercise.
“At the moment, the policy still applies. We have yet to resolve a few things,” he told reporters after the breaking of fast with students hosted by the International Trade and Industry and Ministry here yesterday.
Meanwhile, Mustapa said the Government had identified the export of vehicle components as a potential sector that could contribute to the growth of the country’s automotive industry, instead of exporting vehicles.
“As the Malaysian market is relatively mature, it is quite difficult for us to achieve a 10% growth.
“We feel that there is greater potential in exporting automotive components as several Malaysian companies had already succeeded in doing that,” he said.
Two deputy international trade and industry ministers, namely Senator Datuk Lee Chee Leong and Datuk Hamim Samuri were present.
At the event, Mustapa presented Aidilfitri gifts to 30 students from quran memorisation schools, Maahad Tahfiz Darul Muhibbin and Maahad Tahfiz Sains Fatimah Al Zahrah.