In October 2000, the Association of Southeast Asian Nations (ASEAN) Economic Ministers meeting in Chiang Mai, Thailand, Malaysia delegation proposed expansion of the ASEAN Free Trade Area (AFTA) scheme to reduce tariffs in order to protect the automotive industry in Malaysia. Given that the development of proton and Perodua, national cars in the country, has received broad support from the government, protection and benefits, was concerned about the cars in Malaysia will be competing with other automakers in the region. Request to expand in Malaysia, however, had the misfortune to AFTA, who had hoped that a strong push for further liberalization and globalization, Asian to revive foreign direct investment in the region after the devastating Asian financial crisis of 1997-99. "Hide
by Michael Enright, James Newton, Elyssa Tran Source: University of Hong Kong, 30 pages. Publication Date: August 15, 2001. Prod. #: HKU144-PDF-ENG
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