The government has been trying to stem price rises by cutting import duties and excise taxes.

ECONOMIST: India's economy: Back to earth | The

Import duties and other taxes make it so that the Brazilian buying a muscular Jeep Cherokee could have bought three of them if they were living in Miami like their friends.

FORBES: Brazil's Ridiculous $80,000 Jeep Grand Cherokee

As the national car, the Timor will be free from import duties and luxury taxes as long as it has 20% local content after the first year of operation, 40% after the second and 60% after the third.

CNN: Tremors from the Timor

Until recently they were exempt from taxes, import duties and most government regulation.

FORBES: Magazine Article

It now allows foreigners 100% ownership of businesses, and has set up free zones where these pay neither import duties nor (for 12 years) taxes on labour and utilities.

ECONOMIST: Cuba