Jump to content

Crackdown on Cheap Foreign Goods Planned to Protect Consumers and SMEs


Recommended Posts

Posted

image.jpeg

File photo for reference only: Wikipedia

 

Thailand's Commerce Ministry is preparing measures to combat the surge of cheap, substandard foreign goods entering the market, which is affecting local consumers and SMEs. In response to public concerns, the ministry has developed a strategic plan involving multiple government agencies to curb the influx of these products.

 

Deputy Commerce Minister Napintorn Srisunpang led discussions with representatives from 20 government bodies. The focus was on three key product groups—agricultural, consumer, and industrial. For agricultural products, checks on origin and pesticide residues will be enhanced to ensure safety.

 

Attention to consumer goods, particularly those sold on online platforms like Temu and Lazada, is paramount.

 

The ministry aims to enforce requirements for foreign e-commerce platforms to establish registered offices in Thailand and comply with local regulations, as specified in the Foreign Business Act and through the Consumer Protection Board.

 

Temu, a Chinese online marketplace, has made strides by registering as a legal entity in Thailand, effective from November 2024. This move aligns with upcoming regulations expected in early 2025.

 

For industrial products, the Customs Department will oversee imports, ensuring they meet standards set by the Thai Industrial Standards Institute.


The Commerce Ministry laid out short, medium, and long-term plans. Immediate actions are expected by the end of the year, while enhancing the competitiveness of Thai products is a medium-term goal for 2025. Long-term plans aim for a sustainable expansion of markets by revising trade laws by October 2025.

 

The ministry's initiative aligns with its goal to raise the GDP contribution from SMEs from 35.2% to 40% by 2027. This will involve training, funding, online marketing support, and business matchmaking.

 

Overall, the ministry has outlined five core measures and 63 actions, reinforcing law enforcement, revising trade regulations, implementing tax measures, and fostering international cooperation to protect the local economy, reported Bangkok Post.

 

news-logo-btm.jpg

-- 2024-11-19

 

news-footer-2.png

 

image.png

  • Thumbs Up 1

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...