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Byline: Nareerat Wiriyapong
Jul. 8--GP Batteries International is looking to strengthen its presence in Thailand by tapping the low-tariff scheme under the Asean Free Trade Area (Afta).
General manager K.L. Tsang said GP had stepped up its imports from Malaysia and Singapore to Thailand to partly replace those coming from China and Hong Kong.
Currently, as many as 80 percent of the GP batteries sold in Thailand are made in China, with the rest imported from the two Asean manufacturing units.
Under Afta, import tariffs on batteries are being gradually reduced from 20 percent to 0-5 percent during a five-year period that started at the beginning of this year.
Once the tariffs drop, the price of rechargeable batteries, which start at 100 baht each, will be more competitive with those of alkaline batteries, according to Mr Tsang.
"We are trying to get more batteries from supply bases in Malaysia and Singapore for the Thai market. However, we're always looking for an opportunity to invest in a production facility here."