Jan 16, 2006. /Lesprom Network/. The import duty for Malaysian plywood was reduced from 7% to 3.5%, with effect from 1 January 2006. Malaysia has obtained again the status of developing country. Under the Generalised System of Preferences, Malaysian mouldings are now also exempted from import duty. Indonesian plywood was not affected and import duty remains at 7%. Plywood from China, which is no longer considered a developing country, is now levied at 7%, up from 2-3.1% in 2005.