The Thai government is contemplating enforcing a seven percent value-added tax on Chinese products priced below 1,500 baht (US$40) that are funneled through Thailand‘s free trade zones to safeguard local businesses
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Singapore Foreign Minister Vivian Balakrishnan and Foreign Affairs Secretary Enrique Manalo discuss the two nations' bilateral relations during a meeting at the Sofitel Manila on Tuesday (April 16, 2024). In a joint press conference, Balakrishnan said the Philippines and Singapore are planning to form a working group that will discuss possible cooperation on carbon credit market.
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Indonesia has become Egypt’s main source of coffee, authorities said on Tuesday, as annual exports reached nearly $93 million, or about 43 percent of the market.
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.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
