IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 08 Apr 2016 | Removal date: open ended
Still in force

State loan

On 8 April 2016, the government of Malaysia approved a number of soft loans for the Malaysian car maker Proton amounting to a total RM 1.5 billion (approx. USD 385 million). The purpose of these loans is to enable the car company's payments to vendors.
Additionally, a number of conditions are placed on Proton as part of the loan agreement. These include creating a restructuring plan for the company; a new strategic plan to expand their market domestically and abroad as well as hiring a foreign partner and hereto advancing the company's viability and international competitiveness. The compliance of these loan conditions will be monitored by a task force. The task force will consist of representatives from the public and private sector.
Affected trading partners are identified based on UN Comtrade's import data from 2014.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

491 Motor vehicles, trailers & semi-trailers; parts
8703 Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
870310 Vehicles specially designed for travelling on snow; golf cars and similar vehicles
870321 Of a cylinder capacity not exceeding 1,000 cc
870322 Of a cylinder capacity exceeding 1,000 cc but not exceeding 1,500 cc
870323 Of a cylinder capacity exceeding 1,500 cc but not exceeding 3,000 cc
870324 Of a cylinder capacity exceeding 3,000 cc
870331 Of a cylinder capacity not exceeding 1,500 cc
870332 Of a cylinder capacity exceeding 1,500 cc but not exceeding 2,500 cc
870333 Of a cylinder capacity exceeding 2,500 cc

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