Thailand cuts low-quality imports from China by 20%

It aims to curb cheap imports that disrupted local industries, leading to factory closures and job losses.

Thailand has slashed low-quality imports by 20%, mainly from China, after introducing strict measures in July, Reuters reported.

The move aimed to curb cheap imports that have disrupted local industries, causing factory closures and job losses, it added.

Government spokesperson Sasikarn Wattanachan said tighter regulations targeted substandard agricultural, consumer, and industrial goods. Authorities also seized 506 million baht worth of counterfeit and low-quality imports, including clothing, shoes, and e-cigarettes.

Additionally, a 7% value-added tax (VAT) on goods under $44 (1,500 baht) took effect in July, yielding 707 million baht so far. Customs data revealed that low-value imports surged by over 50%, with 113.7 million units shipped this year, despite the tax.

However, businesses like Ben’s Socks report steep losses, the report said. Owner Banchob Pianphanitporn said sales plunged 80%, as customers favor cheaper Chinese products.

The government plans further measures, including requiring foreign online businesses to register in Thailand and pay VAT, to bolster local businesses.