Thai auto parts industry to benefit from the ASEAN free trade zone zero tariff

Since January 1 this year, including Thailand, six oldComparison of the old members of ASEAN to
ASEAN member countries of ASEAN free tradeexpand the export of auto parts business
agreement will provide for motor vehicles andopportunity can be found to expand the export
parts import tariff to zero, with the automotivebusiness opportunities in Indonesia, followed by
industry started to recover the situation, will theMalaysia and the Philippines, particularly in Japanese
Thai automotive Parts industry benefit.small passenger cars and commercial vehicles
Kasikorn Research Centre here on the 13th isspare parts, such as Thai-made electronic spare
expected this year, Thailand's auto parts exportsparts, engines and automobile transmissions, not
from 2009 is expected to sharplyonly of high value, but also in quality to gain
23-127000000000% Thai baht, to a substantialmarket recognition.
percentage increase of 18 to 22 percent, reachingIn addition, the company will expand the future of
1500-155000000000 baht or so.the automobile production base in Thailand to sell
The research center that will help to increase thecars to the trend of domestic and international
duty automotive parts, Thailand's internationalmarkets, will lead the demand for automotive
trade opportunities, in addition to imports ofparts exports also expanded. However, further
foreign auto parts from Thailand, the cost will beopen market will lead to more imports of auto
reduced, the trade liberalization has alsoparts from the Association of Southeast Asian
contributed to the six old ASEAN memberNations, which will intensify market competition,
countries form a unified market, so that the scaleparticularly from Indonesia, bus and truck parts.
of production and consumption market isTo this end, auto parts enterprises must prepare
expanding, particularly in the automotive parts,for the competition from trade liberalization.
automotive parts of its exports nine times.