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Malaysian Association Requests Increase in Approved Permits for Used Vehicles

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Malaysia,Pekema,Approved Permits

The Malaysian Association of Malay Vehicle Importers and Traders (Pekema) has requested the ministry of trade, investment and industry (MITI) to increase the number of approved permits (APs) for used vehicles from 35,000 units to 50,000 units per year. Pekema believes that this increase will benefit the imported vehicle industry and its downstream industries, contributing over RM2 billion to the industry. It will also generate revenue for MITI through vehicle import fees and for other industries such as banking, insurance, and vehicle warranty sectors.

The Malaysian Association of Malay Vehicle Importers and Traders (Pekema) has requested the ministry of trade, investment and industry (MITI) to increase the number of approved permits (APs) for used vehicles from 35,000 units to 50,000 units per year. Pekema believes that this increase will benefit the imported vehicle industry and its downstream industries, contributing over RM2 billion to the industry.

It will also generate revenue for MITI through vehicle import fees and for other industries such as banking, insurance, and vehicle warranty sectors

 

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