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Free Trade Squeezes State Monopoly on Cigarettes in Thailand.
Byline: Wichit Sirithaveeporn
Feb. 3--Thailand Tobacco Monopoly expects free trade to narrow the price gap between local and imported cigarettes, reducing its share of sales revenue to 65 percent from 80 percent by 2008.
TTM chief Suchon Watanapongvanich said the agency's market share by volume was expected to fall to 75 percent from 84 percent during the period.
The state enterprise has seen its market share steadily eroded by major foreign brands including Marlboro, L&M and Mild Seven.
The Asean Free Trade Area agreement's reduction of import tariffs for cigarettes made in the region to 5 percent has benefitted multinational ...
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