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Thailand Contemplates Protective Tariffs on Chinese Imports Amidst Surging Trade Deficit
The Thai government is considering imposing a seven percent value-added tax on Chinese goods priced less than 1,500 baht (US$40) that are routed through Thailand’s free trade zones to protect local businesses being impacted by the flood of cheap imports. Currently, goods not exceeding the 1,500 baht value are exempted from duties and VAT.
