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Tuesday, May 14, 2024

Call for policies to curb cheap online goods

E-commerce and retail pioneers have urged the government to impose strict measures to handle the flood of cheap and low-quality products available on online platforms that have affected local small and medium-sized enterprises (SMEs).

They also want the government to collect corporate tax on Chinese sellers of those products on the platforms.

According to the General Administration of Customs of China, China’s cross-border e-commerce has become a new engine of the country’s foreign trade development, with its volume doubling from 1 trillion yuan in 2018 to 2.11 trillion yuan (US$306 billion) in 2022.

Thanawat Malabuppha, honorary president and advisor to the Thai e-Commerce Association, said the Commerce Ministry should take a serious consideration over the influx of Chinese products sold on the online platforms, particularly amid the rise of TikTik…

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