Vietnamese Automakers Dream of Cars Rolling on Streets of Myanmar, Philippines

The automakers see great opportunities to export cars to ASEAN as the tariff will be cut to zero percent from 2018 under the ASEAN free trade agreement (FTA). However, in order to be able to enjoy the zero percent tariff, Vietnam’s products must have the minimum localization ratio of 40 percent. Truong Hai Automobile has […]

India, Thailand, Myanmar to be connected with a 1400-km road

BANGKOK: India , Thailand and Myanmar are working on a 1,400-kilometre long highway that will link India with Southeast Asia by land for the first time in decades, giving a boost to trade and cultural exchanges between the three countries. Indian Ambassador to Thailand Bhagwant Singh Bishnoi said 73 bridges in Myanmar, built more than seven decades ago during World War II, were […]

EU to Start Investment Pact Talks With Burma This Week

HANOI — The European Union will launch negotiations this week for an investment pact with Burma, the EU’s top trade representative said on Monday, a deal aimed at giving European firms preferential access to one of Asia’s final frontier markets. Burma, an underdeveloped country closed off until 2012 to Western firms due to trade sanctions, […]