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Manufacturers fear collapse of automotive industry

Manufacturers fear collapse of automotive industry

Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has conveyed its serious reservations to the federal government on inclusion of the auto sector in Pakistan-Thailand Free Trade Agreement.

This was stated by Pakistan Association of Automotive Parts and Accessories Manufacturers vice chairman Syed Mansoor Abbas.

“The Association has conveyed its serious reservation to the federal government on inclusion of auto sector in Pakistan-Thailand Free Trade Agreement (FTA). “We are not against FTA with Thailand rather we want level-playing field-the same incentives provided to the auto parts makers in Thailand.”

He further said, “PAAPAM wishes to express its serious concerns on the tremendous damage which would be caused to the auto parts manufacturing industry by the proposed inclusion of automobile sector in the Pak-Thai FTA.”

He also said that, “PAAPAM is totally against inclusion of the automobile sector in the Pak-Thai FTA negotiation and strongly requests the government to completely exclude this industry from the ongoing negotiations with the Thailand Government.”

Paapam says, it has over 400 members that directly or indirectly employ over three million workers, technicians and engineers. These auto part manufacturers create 95% of employment in the automobile sector and are contributing to the increase in localisation of auto parts.

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