New Year joy, Afta will bring down prices of 1,943 items from Jan 1

KUALA LUMPUR: Come Jan 1, things at the local supermarket are going to be cheaper – at least that is what is supposed to be when the Asean Free Trade Area (Afta) agreement comes into effect.

A total of 1,943 items from the other nine Asean countries now being sold in the country – ranging from fruit juices to T-shirts to canned foodstuff – should be at least 25% cheaper, as under Afta, these products are no longer subject to tax.