Sunday, October 28, 2012

Achana Limpaitoon: AEC brings opportunities - and risks

BANGKOK POST 25.10.2012

Fresh investments likely, but parts-makers need to raise standards dramatically

It is undeniable that the coming of the Asean Economic Community (AEC) brings with it both opportunities and risks for the Thai auto parts industry. 

As Thailand formally enters the AEC in 2015, among the expected benefits include the birth of a much larger market place, with higher quality for raw materials and parts, as well as lower prices. This is a great chance for fresh investments and for Thai companies to raise their capabilities. Of course, Asean could well become an important parts production hub in the future.