PUTRAJAYA, Aug 29 — The Economy Ministry is developing a policy paper to study and propose the reduction of approved permits (APs) and import permits (IPs) across all economic sectors to lower goods prices, especially imports.
Its minister Rafizi Ramli said the policy paper is set to be presented to the National Economic Action Council in as early as October.
Rafizi said the ministry needs to be careful in developing the paper to ensure the reduction in APs and IPs will not adversely affect food supply in the country.
“(This) requires thorough study, on which the ministry has already spent five to six months. We cannot eliminate them (APs and IPs) totally. We need to look at the entire supply chain to ensure there won’t be any disruption.
“For example, if the goods have only two or three importers and we terminate (their APs and IPs) when the market or industry is not prepared for a new player, it would cause a disruption,” he told a media conference here today.
— Bernama
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