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Unformatted text preview: delay the implementation of CAFTA. Indonesia who is a major car producer but does not have its own internal company is in the works of launching its own Indonesian car company. China no longer has the cheapest labor in the world so a lot of Chinese companies are making their products in Thailand and other Asian countries and sending them back to China. The new CAFTA agreement won’t affect companies that are doing this. For example Haier, a company that makes refrigerators and other appliances said they are doing well and that this free trade agreement will only help their company. The Yuan has started being widely accepted now in many Asian countries and with this new trade agreement it could possibly become the new Euro in Asia. Free trade is ultimately helping these countries out a great deal and for a lot of these countries that are not democracies it is amazing that CAFTA has even happened....
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This note was uploaded on 08/15/2011 for the course MKTG 4704 taught by Professor Ince during the Spring '10 term at Virginia Tech.
- Spring '10