The Thai government is preparing to grant manufacturers of fuel-efficient vehicles a 2-year tariff reduction of as much as 90% on imported parts, in a bid to revive the country’s struggling automotive industry. Board of Investment Secretary General Atchaka Brimble says the tax cuts would apply to parts that are not produced locally, the Bangkok Post reports. The government wants to make Thailand a major production base for environmentally friendly compact vehicles it calls eco-cars. ...
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