Japan-Thailand Economic Partnership Agreement (JTEPA)
The Japan-Thailand Economic Partnership Agreement, which entered into force in November 2007, notably provides for the reduction or elimination of border tariffs for most energy products, including: iron, metals, ammonia, steel, aluminium, battery packs and cells, anodes, heat pumps, automobiles.
Specific rule of origins applies to confer originating status in order to qualify for preferential tariff treatment e.g. wholly produced in the parties' territories, materials undergoing change in tariff classification or satisfying a 40%minimum local value content requirement.
Want to know more about this policy ? Learn more