Before anything else, I would like to greet everyone a HAPPY NEW YEAR! If you have stopped by and happen to take a look if I have a new post, thank you! Appreciate it, though I see that only a handful have actually visited this site. I have been inactive in posting my thoughts in this blog, hopefully this year I get to post more articles and thoughts on Supply Chain and Leadership.
I have read this in one of the link in facebook prior to the new year that ASEAN 6 has lifted the tariff on selected commodities surrounding the affected countries (Philippines, Indonesia, Thailand, Singapore, Brunei and Malaysia). The local newspaper today have it in their post that ASEAN scraps duties on 8,000 products. I think that this is a good indicator for the economy as each country can take advantage of this and leverage on its benefits. I hope that the savings that can be generated from this move will be passed on to the consumers and not to be taken advantaged by corporations/businessman. Industry that will be affected by this move must take advantage in marketing their products, increase export opportunities in order to strengthen the local production base, and take advantage of the low cost of importation on selected items to support local production and consumption.
Definitely this would also challenge local production to be at par with imported products as they can come in cheaper than before. This would strengthen competition and would require local base to improve their product quality and reduce cost. What are your thoughts?
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