ASEAN COMMON MARKET LAUNCH UNLIKELY TO MEAN A BIG DEAL FOR TOBACCO INDUSTRY
October 1st, 2014
By the end of next year, the increasingly wealthy 10-member Association of Southeast Asian Nations (ASEAN) bloc aims to establish its own European Union-style common market for its combined population of 600 million. Experts say that the new ASEAN Economic Community (AEC) is expected to deepen cohesion and liberalisation within a regional market that has already made significant strides in removing trade barriers that can impact tobacco product sales. The immediate benefit for the sector will however be the removal of remaining tariffs restricting cross-border ...
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