date:Jul 03, 2012
re is also a lack of understanding of foreign laws and tax measures, it found.
Findings showed that under the current Association Southeast Asian Nations (ASEAN) Free Trade Area agreement, only a minority (28%) of businesses make use of the sweeping tariff reductions.
The surrounding countries within the network also have cheaper operating costs due to lower wages, although Petch Chinabutry, president of NFI, remained confident that the country can maintain its edge within the new network.
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