WTO TRADE FACILITATION DEAL MIGHT SHAKE UP GLOBAL AUTO SECTOR, SAYS EXPERT
December 8th, 2013
THE AGREEMENT by the World Trade Organisation (WTO) to reduce import-export red tape may lead to a seismic shift in the global automotive sector, an industry expert has told wardsauto.Peter Cooke, the emeritus professor of automotive management at Britain’s University of Buckingham, said that major emerging markets without a substantial auto sector may create capacity because of the deal.Highlighting Pakistan and Indonesia as examples, Prof Cooke said the removal of complex import rules that impede the purchase of parts and other inputs could encourage auto ...
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