S-E Asia needs to do more to open markets: study
A lack of progress by Asean to harmonise trade and investment rules leaves the car industry with little to show after a decade of trade liberalisation
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DESPITE numerous pledges and years of effort to transform South-east Asia into a single market, the 10-nation region remains resistant to free-flowing trade and fortified against imports, to the cost of some global companies, according to a study for one of the region's biggest investors.
The study, commissioned and paid for by US carmaker General Motors (GM), highlights a lack of progress by the Association of Southeast Asian Nations (Asean) to harmonise trade and investment rules, leaving the car industry with little to show for a decade of trade liberalisation.
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