BMW AG next week will begin exporting its 530i executive sedans from Indonesia to Thailand, making it the first luxury auto maker to take advantage of a regional free trade agreement. The move is a result of the Assn. of Southeast Nations Free Trade Agreement (AFTA), says Michael Ganan, BMW director-worldwide group sales, in a published report. Tariffs for car imports will be reduced to less than 5% under the agreement. The German auto maker also intends to export the 330i from its ...
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