Chin Well Holdings Bhd
, a specialist in manufacturing mild steel fastener, is focusing on making inroads into Vietnam and Thailand for the 2004 fiscal year to take advantage of the reduced duties under the Asean free trade area (Afta).
“Previously, products going into Vietnam and Thailand were taxed between 30% and 60%. Now the duties are 5% for both countries,” its group managing director Sunny Tsai told StarBiz.
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