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Intra-Asean trade is likely to expand from current 24 per cent to 34 per cent, spurred by zero-duty incentives on Asean Free Trade Area (AFTA).Ministry of International Trade and Industry senior director of Asean Economic Cooperation Division, P. Ravidran, said 34 per cent was an ideal target as intra-trades in the European Union and North American Free Trade Agreement currently stood at 70 per cent.Intra-Asean share of total trade stood at US$608.63 billion, or 24.2 per cent, as of July 2014, from a total trade of US$2.51 trillion in the same period.“The removal of duties will encourage intra-trade and with Cambodia, Laos, Myanmar and Vietnam joing the existing six Asean countries, the region has become a free trade area
STOCK RECOMMENDATION :
BUY COCOALAND ABOVE 1.660 TARGET 1.700 1.750 SL 1.610
Intra-Asean trade is likely to expand from current 24 per cent to 34 per cent, spurred by zero-duty incentives on Asean Free Trade Area (AFTA).Ministry of International Trade and Industry senior director of Asean Economic Cooperation Division, P. Ravidran, said 34 per cent was an ideal target as intra-trades in the European Union and North American Free Trade Agreement currently stood at 70 per cent.Intra-Asean share of total trade stood at US$608.63 billion, or 24.2 per cent, as of July 2014, from a total trade of US$2.51 trillion in the same period.“The removal of duties will encourage intra-trade and with Cambodia, Laos, Myanmar and Vietnam joing the existing six Asean countries, the region has become a free trade area
STOCK RECOMMENDATION :
BUY COCOALAND ABOVE 1.660 TARGET 1.700 1.750 SL 1.610
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