, Thailand
Photo by Thomas Lin via Pexels

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.

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Indonesian retail sales expected to improve in November
Automotive fuel, spare parts, accessories, and clothing are expected to drive this increase.
Swarovski and Coty partner to launch fragrance division
The partnership aims to expand both companies’ portfolios and market reach.
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.
Metro Retail expands with Metro Value Mart
It is also transitioning additional stores to this format as part of its expansion plan.
Stores

Exclusives

Asia-Pacific retailers tap subscribers to drive growth
Subscription services are a constant source of revenue during a downturn.
Chinese fine dining finds its next course in Singapore
The city-state’s high spending power and big Chinese commune make it an ideal entry point.
Raffles City reinvents itself with experiential retail
The mall has revamped 111,000 sq ft of retail space as part of a major redesign.
Stores
TikTok ‘shoppertainment’ drives mega-sale hit
Videos on the platform are used not just to entertain but also to drive e-commerce.