Search results: asean

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  ASEAN Suppliers Report

  The ASEAN is home to some of the fastest growing economies in the world. Member countries have become increasingly aware of the potential and growing role that they play in the global automotive industry. This has begun to make all industry players including governments increasingly knowledgeable and tuned into the opportunities. Governments are seeing that targeted regulations can attract investments, investors are choosing the most promising markets to enter and both OEMs and suppliers are looking to benefit. These developments led to the ASEAN Secretariat s Roadmap for Integration of the Automotive Products Sector and the push to implement the ASEAN Free Trade Agreement (AFTA), which came into full effect in January 2010, allowing for zero-tariff trade among six member nations. These movements signal the emergence of a new era in this region s automotive and automotive supplier industry.

  25 may 2011