Thailand-Japan trade pact paves way for auto-parts tariff relief.
Thailand is ending import tariffs on more than 140 automotive parts from Japan. Trade Negotiations Department Director-General Srirat Ratspana says the Finance Ministry’s customs department ended the tariffs previously set at 10% to 20%. She tells The Nation newspaper the items to benefit include axle shafts, transmissions, seatbelts, brakes, wheels, shock absorbers, clutches, exhaust pipes and fuel tanks. “The zero-tariff rate will be retroactive to April 1, 2012,” ...
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