Government’s decision to retain approved permit (AP) system a regressive move, according to economists

Highlights:

• Minister of investment, trade and industry Tengku Datuk Seri Zafrul Abdul Aziz reiterated that the government has no intention of phasing out the approved permit (AP) system for vehicle imports despite providing a leeway for Tesla.
• Removing APs will not (only) allow consumers to have access to more products at a more affordable price, but it will also create a competitive push for local producers, forcing them to improve on price and technology