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Thursday, May 2, 2024

Japanese firms urge Thai government to simplify customs and boost infrastructure

Photo courtesy of iStock

Japanese businesses based in Thailand have urged the government to simplify customs duty rules and enhance transport infrastructure, in addition to introducing economic strategies to increase public spending.

The Japanese Chamber of Commerce (JCC) in Bangkok recently communicated with the press to share insights from its newest survey assessing the business outlook amongst Japanese firms and investors in Thailand.

The survey has been conducted twice yearly for the past 53 years to gauge the business environment for Japanese companies in Thailand. The latest iteration, representing the latter half of 2023, concluded on the 20th of December.

Of the 1,646 company members of JCC Bangkok, 539 participated in the survey.

The prime modification sought by Japanese investors was a refinement in customs duty and clearance regulations.

Following this, the second…

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