AFTA to boost Thai plastic resin trade

The Asean Free Trade Area (AFTA), which has been effective starting 1 January 2010, is expected to benefit and push the Thai plastic resin industry, according to Kasikorn Research Center (KResearch). With support from the government抯 petrochemical industry, Thai land is now the world 抯 1 4 th largest plastic resin exporter, shipping3 million tonnes a year, or about half of its production. The sector has a capacity to produce far more resin than do mestic consumption and actual production has been 85-90% of the capacity. It isexpected to reach a 7 million tonnes this year, or double the projected domes ticdem and. In As ean, where the plastic resin trade value is a shig has $ 5 . 4billion, Thailand is a net exporter to every country except Singapore, which is the 10th largest exporter in the world anda major competitor of Thailand in both the global and A sean markets. The centre said plastic resin trade within the region Would likely increase in both volume and value, as Afta requires six member countries to cut import tariffs on plastic resin, along with other goods, to zero at the beginning of 2010. However, the research centre points out factors that may help to limit the impact, such as the current specifications of the auto industry, which prefers plastics from Japan and South Korea over products from Singapore, while the rapid growth of Malaysia抯 domestic plastic industry may force it to import more resin despite its ultimate goal of becoming a major exporter.Buty sportowe Nike