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Parts makers rail against FTA: Locally made car demand could plunge.
Byline: Santan Jaiimsin
May 3--Thai auto parts manufacturers have expressed strong opposition to a plan to reduce tariffs on imported Japanese automobiles with engines larger than 3,000cc under the proposed Thailand-Japan free trade agreement.
The Thai Auto Parts Manufacturers Association has already petitioned Prime Minister Thaksin Shinawatra and other ministers to exclude autos and parts from the FTA framework.
Local parts suppliers say that removing import tariffs on CBU (completely-built up) cars and parts would result in sharply lower demand for locally made products.
While many analysts expect the FTA to boost the overall auto ...
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Source: HighBeam Research, Parts makers rail against FTA: Locally made car demand could plunge.