THAI AUTO SECTOR AWAITING SHOT IN THE ARM AMID PROSPECT OF TARIFF-FREE EXPORTS TO VIETNAM
July 1st, 2016
Thailand-based automotive original equipment manufacturers (OEMs) are set to benefit from the expansion of an existing auto tariff-free zone to Association of Southeast Asian Nations (ASEAN) members Cambodia, Laos, Myanmar and Vietnam in 2018. These would then join this ASEAN-linked trading zone’s member countries Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand to forge an ASEAN-wide automotive market bloc.
Sometimes labeled the ‘Detroit of Southeast Asia’, Thailand is a regional production and export hub for the world’s top ...
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