Record Exports Confirm Preferred Autos Hub Status

Thailand's position as the largest vehicle producer and exporter in the ASEAN trade bloc has been reflected in record vehicle exports for July, which puts the industry on course to beat forecasts for full-year exports. Bolstered by increased shipments to other Asian countries following the cut in import tariffs to 0-5% under the ASEAN Free Trade Agreement introduced on January 1, exports surged 140% in July to 87,605 units, the highest since exports began 22 years

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