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Sunday, May 5, 2024

SMEs call on govt to protect Thai manufacturers from dumping of cheap Chinese goods

Saengchai said his federation has also asked for the Finance Ministry to slap a value-added tax on imported Chinese products.

On Friday, a source said the Finance Ministry was planning to start collecting VAT on products sold via online platforms with price tags starting from 1,000 baht, instead of 1,500 baht like before.

The Finance Ministry has, however, refused to scrap the VAT exemption on overseas products on grounds that it would violate free-trade agreements.

Saengchai said his federation had also asked the Commerce Ministry to find ways to support Thai farmers and SMEs by encouraging Chinese manufacturers to use local materials instead of importing raw materials from China.

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