ASEAN AUTOMOTIVE TRADE DEAL COULD CONCENTRATE AUTO TRADE PRODUCTION IN SOUTH EAST ASIA
June 1st, 2016
Asian paint and coatings manufacturers are set to benefit from the expansion of an existing automotive tariff-free zone spanning Association of Southeast Asian Nations (ASEAN) member countries Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand to Cambodia, Laos, Myanmar and Vietnam. The 2018 expansion will create a more integrated automotive coatings market, with Thailand-based automotive coatings makers well-positioned to benefit because the Vietnam automotive market is likely to be increasingly served by Thailand-based original equipment ...
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