Food & Beverage
Asia has for many years enjoyed something of an integrated single market in terms of F&B import and export. A quick walk around a mall in Thailand will reveal huge cross-over in the restaurant market with Japanese, Korean and Vietnamese food popular with many Thais. Thailand also enjoys a strong export market, with a low cost base being a positive contributor towards healthy levels of outbound canned and bottled goods trades. Integration may possibly mean that more cross-over products becoming available in all member countries, with Laos and Myanmar representing potential growth markets for exporters. Weak infrastructure has been a barrier to this flow so far, but reduction in legislative difficulties and duties should help promote two-way trade in this sector, and the opening up of a vast regional single market