DPM: Thailand will not impose trade barriers to prevent foreign competition

BANGKOK, 31 May 2012 (NNT) – The Deputy Prime Minister and Minister of Finance has stressed that Thailand will not be implementing any form of non-tariff barriers (NTB) to prevent market competition from its foreign rivals.

Speaking at the High-Level Dialogue on the Global Trading System, Deputy Prime Minister and Minister of Finance Kittiratt Na Ranong clearly stated that Thailand will not be imposing non-tariff barriers on its competitors since doing so will only add to the burden of domestic consumers who will be forced to pay more for goods purchase. He further added that the implementation of NTBs will only cause the country to lose its trade partners.

The DPM in charge of economy said that 40 member countries of the World Trade Organization (WTO) have already joined the Generalised System of Preference (GPS), which targets to eradicate corruption while creating transparency in international concessions and procurement. As its first step to show the world Thailand’s transparency in large-scale investment projects, Thailand has joined the GPS. On this occasion, Mr. Kittiratt has also urged non-WTO countries to join the GPS once they are fully prepared to do so.

Meanwhile, WTO Director-General Pascal Lamy said that the global economic slowdown has posed an impact on Thailand, which relies mainly on its export sector. Thus, Thailand should consider turning to its ASEAN partners whose growth rates are becoming higher at present.

-- NNT 2012-05-31

Generalised System of Preference (GPS)...

As its first step to show the world Thailand’s transparency in large-scale investment projects, Thailand has joined the GPS.

Global Positioning System (GPS) - GSP same same but different.

Edited May 31, 201214 yr by Payboy

Deputy Prime Minister and Minister of Finance Kittiratt Na Ranong clearly stated that Thailand will not be imposing non-tariff barriers on its competitors since doing so will only add to the burden of domestic consumers who will be forced to pay more for goods purchase. He further added that the implementation of NTBs will only cause the country to lose its trade partners.

Perhaps K Kittirath Na Ranong would stand up and say that loudly if a foreign owned company should make a bid for a 3G licence.

No need to implement any non-tariff barriers; Thailand is doing just fine in impairing foreign competition through tariff barriers (i.e., high import taxes).

Deputy Prime Minister and Minister of Finance Kittiratt Na Ranong clearly stated that Thailand will not be imposing non-tariff barriers on its competitors since doing so will only add to the burden of domestic consumers who will be forced to pay more for goods purchase.

So chum, how does the government policy rice guarantee scheme fit into this scenario?

Deputy Prime Minister and Minister of Finance Kittiratt Na Ranong clearly stated that Thailand will not be imposing non-tariff barriers on its competitors since doing so will only add to the burden of domestic consumers who will be forced to pay more for goods purchase.

So chum, how does the government policy rice guarantee scheme fit into this scenario?

Heck, that;s kinda a trade barrier in reverse as it makes Thailand's rice more expensive overseas...just hurts Thailand...self-inflicted pain...but I guess overall it indirectly buys votes and helps some rice farmers. I don't think Thailand has quite figured out how to use a wide variety of trade barriers quite yet...they've only mastered the high import/luxury tax barrier.

I don't think Thailand has quite figured out how to use a wide variety of trade barriers quite yet...they've only mastered the high import/luxury tax barrier.

Customs dept have been operating their own private barriers for years.