LOCAL auto-parts makers will try to gain a foothold in the Association of Southeast Asian Nations (Asean) market by participating Spray Gun in the Thailand Auto Parts and Accessories (Tapa) 2010, the largest auto Shaft Screw parts and accessories Shaft Screw trade fair in Thailand, which will be held from April 28 to May 2.
The Center for International Trade Expositions and Missions (Citem), an attached agency of the Philippine Trade department, noted that Tapa 2010 is an “important sourcing event” for international players in the Asean market.
“The Philippine participation to the event aims to boost the local auto-parts sector and highlight the country’s capability in supplying high-quality automotive products and services. The participation also aims to bring back the Philippines into its position as a major player in the auto-parts and accessories industry in the Asia Pacific,” said Trade Undersecretary Thomas Aquino.
Industry reports say that the Asean region has a promising global market for the automotive industry with sales amounting to 2 million vehicles in 2008. Asean countries are attracting major investments in vehicle production and, because of growing demand, some major auto companies are in want of a production hub in Asean next to Thailand.
With free-trade agreements (FTAs) in the Asean region in place, neighboring countries such as China, Japan, Korea, Australia and New Zealand are also exploring business development with the Asean countries.
