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Crackdown on Cheap Foreign Goods Planned to Protect Consumers and SMEs
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. -- 2024-11-19 -
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[QUIZ]6 September- Muscle Cars - Trivia and Recognition
I just completed this quiz. My Score 12/100 My Time 180 seconds -
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Thailand Considers Law Revisions to Attract Foreign Real Estate Investment
Thank You for the input. Anyone can do what they want with their money. When we leave this world you can't take it with you. As an Investor though I advise you to think long term, what good can you do with the money, will the money spent on home, farm, etc bring you the joy, happiness and fulfillment you seek. If you have a girlfriend/partner will you stay in the house on the land if you seperate? -
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Thailand set to ‘stir up’ the economy with juicy stimulus carrot
Vote buying and corruption appear to be the economic strategies of the Pheu Thai party, this should end well, not. -
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Now starting: Chiang Mai Expats Dining Group
There's a noodle cart on the corner, mate. -
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Donald Trump Jr. Alleges Biden’s Actions Could Trigger World War III Before Trump’s Return
I suspect he isn't capable of making that decision on his own, so IMO it's the guy(s) behind the curtain that are guilty of trying to start WW3, or perhaps they just bought a load of shares in the company making the things. Cashing in before it ends.
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