Thailand has achieved a prominent position as a leading automotive manufacturing hub in vibrant Southeast Asia. Thailand gracefully plays host to a number of global automotive manufacturers, boasts a well-developed and integrated supply base, and growing export orientation. The industry capacity surpasses two million units in 2012, and is still growing.
The automotive industry is Thailand's third largest sector, contributing 10.2% to National GDP, and employing more than 700,000 workers across a vast and integrated network of OEMs, parts makers, service providers, dealers and other related industries such as steel, rubber, petro-chemicals and glass. Thailand’s ability to bridge manufacturing capabilities with an advanced industrial infrastructure has positioned the country to serve as the main entry point into ASEAN.
The EABC Working Group on Automotive provides a business-driven platform for interactive discussion and formulation of consolidated positions on key automotive issues facing manufacturers and associated industry suppliers in Thailand.
With the aim to ultimately promote the long-term competitiveness of the automotive industry and enhance Thailand’s attractiveness as the investment destination in this sector, EABC aims to leverage the European business know-how and expertise towards identifying as well as making strategic recommendations for clarification and further improvement of the Government policies affecting the automotive industry and respective European business players.
Key issues under the WG discussion include:
- Alignment of vehicle standards with global markets to encourage sharing of best technology
- Approval/homologation standards
- Harmonised, technologically-neutral taxation on automobiles based on CO2 emission
- Improvement of fuel quality standards for environmental-friendly low emission technology
- Investment incentives towards promoting long-term competitiveness of the industry;
- Availability of skilled labour to meet the industry demand