Improving purchasing procedures and the quality of parts sourced from Russian-owned suppliers, as well as increasing parts localization, are among the main tasks of the alliance’s partnership with AvtoVAZ.
Indonesia is among the top emerging markets in the Asia-Pacific region, with a population of 250 million. The country, which has 36 vehicles for every 1,000 residents, is seen as one of the world’s most promising passenger-vehicle markets.
The agreement includes tariff-elimination schedules and rules of origin for the automotive sector. It also details what proportion of an automobile or a part must be made in a partnership member country for duty reductions to apply....More