SOUTHEAST ASIA’S AUTO SECTOR STYMIED BY BURGEONING TRADE RED TAPE, EXPERTS WARN
August 1st, 2019
REMOVING non-tariff-barriers (NTBs) impeding the trade in automobiles, parts and materials between the 10 member countries of the Association of Southeast Asian Nations (ASEAN) is key to unlocking the regional automotive industry’s full potential, experts argue. However, they agree that such moves cannot be achieved without short-term pain.
Whilst duties on intra-ASEAN movements of goods have fallen to almost zero on nearly all tariff lines in recent years under the ASEAN Economic Community, established in 2015 with the aim of freeing the flow of goods, the ...
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