Thai Customs Accelerates Tax Restructuring to Counter Chinese Steel Dumping
Post Today
Key summary
The Thai Customs Department is restructuring tax frameworks and tightening enforcement on Free Trade Agreement (FTA) usage to curb the influx of low-priced steel from China. While most imports utilize the ASEAN-China FTA (ACFTA), reducing tariffs to 0-5%, officials warn this practice undermines domestic producers. The department aims to prevent dumping, support local manufacturers, and ensure product safety through stricter licensing with the Industrial Standards Institute (ISI). Industry stakeholders caution that any tariff hikes could increase costs for contractors, prompting calls for careful government review of these measures.
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Official source
Post Today
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