As the Association of Southeast Asia Nations moves to eliminate intra-regional tariffs by 2018, analysts say member countries non-tariff measures could still hinder lubricant trade.
The ASEAN Economic Community in 2015 began phasing in its program to eradicate tariffs on all trade between the 10-nation zone by 2018. Import tariffs were reduced from 8.9 percent in 2000 to 4.5 percent in 2015. By 2010, six ASEAN member countries had removed tariffs for 98 percent of products. Cambodia, Laos, Myanmar, and Vietnam are following suit.