Philippine Auto Parts Makers Target ASEAN market
February 18, 2010 by Tsikot · Leave a Comment
Philippine automotive manufacturers are now aggressively promoting its products in the ASEAN market starting in Thailand, the region’s automotive hub.
This developed as the local auto parts makers are going to participate for the first time in the Thailand Auto Parts and Accessories (TAPA), the largest auto parts and accessories trade fair in Thailand, reported the Center for International Trade Expositions and Missions (CITEM), an attached agency of the Philippine Department of Trade and Industry (DTI).
The auto show is identified as an important sourcing event for international players in the Association of Southeast Asian Nations (ASEAN) market. Industry reports say that the ASEAN region has a promising global market for the automotive industry with sales amounting to 2 million vehicles in 2008. ASEAN countries are attracting major investments in vehicle production and because of growing demand; some major auto companies are in want of a production hub in ASEAN next to Thailand. Read more
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