Consul General of Malaysia Khairul Nazam Abd Rahman, while expressing concerns over the decision taken by Pakistan’s Ministry of Commerce to increase tariff (Regulatory Duty) on import of air conditioners, said that the decision to raise tariffs on import of air conditioners and other such products was notified through an SRO which is a violation of Pakistan-Malaysia Free Trade Agreement therefore it needs to be reviewed.
Speaking at a meeting during his visit to the Karachi Chamber of Commerce & Industry, the Malaysian CG said that instead of increasing tariffs through imposition of Regulatory Duties, the government may come up with some kind of system in which a win-win situation is created and Malaysian exporters are not affected. President KCCI Junaid Esmail Makda, Senior Vice President Khurram Shahzad, Vice President Asif Sheikh Javaid, Chairman Diplomatic Missions & Embassies Liaison Subcommittee Shamoon Zaki and Managing Committee Members were also present at the meeting. Khairul Nazam further commented that although Pakistan and Malaysia have signed an FTA but not much momentum in trade has been witnessed which also requires special attention and efforts from both sides. “Although trade has been improving but at a relatively slow pace. Trade volume improved marginally by just 2.5 percent last year”, he added. He said that this was the right time to ‘connect’ and work collectively as new governments have taken charge of the country’s.