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Article: Japanese auto, steel industries hail basic Japan-Thailand FTA.
- Article from:
- Kyodo News International (Tokyo, Japan)
- Article date:
- August 1, 2005
CopyrightCOPYRIGHT 2005 Kyodo News International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Aug. 1--TOKYO -- Japanese auto and steel industries welcomed a basic free trade agreement reached Monday between Japan and Thailand, which will remove or lower the Southeast Asian country's tariffs on Japanese auto parts, large vehicles and steel.
Japan Automobile Manufacturers Association Chairman Itaru Koeda hailed the bilateral agreements on the liberalization of auto parts and finished cars, saying an FTA with Thailand will have "great significance as in the cases of accords with the Philippines and Malaysia."
"Although the two countries are to renegotiate some of the items, we hope future negotiations aimed at further liberalization will bear fruit ...