By Ronnel Domingo
Philippine Daily Inquirer
SIX MEMBERS OF THE Association of Southeast Asian Nations, including the Philippines, took a step closer to the establishment of a single market in the region as they stopped collecting import duties on thousands of products shipped across their borders.
The Philippines, Indonesia, Thailand, Malaysia, Singapore and Brunei scrapped collections on 7,881 tariff lines starting Jan. 1.
According to the Asean Secretariat, affected tariff lines include final consumer products such as air conditioners, chili, fish and soya sauces, as well as intermediate materials, such as motorcycle parts and motor car cylinders.
No comments:
Post a Comment