Tobacco Key Contributor in Thailand: Report – Tobacco Reporter

The tobacco industry remains an important contributor to Thailand’s economy, reports The Bangkok Post, citing a report by Oxford Business Group.

In 2022, the tobacco industry contributed nearly THB60 billion ($1.71 billion) in excise taxes—12 percent of Thailand’s total tax take that year. The previous year, Thailand exported THB7.4 billion worth of tobacco and related products.

Annually, Thailand directs THB4.1 of its tobacco-related tax collections to the Thai Health Promotion Foundation.

“In addition to being a significant contributor to Thailand’s economy, our research found that Thailand’s tobacco sector is an important employer and is crucial to rural communities and livelihoods, especially in the north and northeast of Thailand,” Marc-Andre de Blois, director of PR for Oxford Business Group was quotes as saying.

The industry supports nearly 50,000 households…