In other words, the Thai authority does not take measures outside the WTO regulations when taking measures against a foreign trade barrier. 1) All traded products at HS 6 digits are considered for this computation. Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. Copyright 2006 - 2023 Law Business Research. This amendment increases the rule of law and consumer protection in Thailand, but it may leave some businesses at higher risk. The highest ad valorem tariff rates apply to imports competing with locally-produced goods, including automobiles and automotive parts, motorcycles, beef, pork, poultry, tea, tobacco, flowers, wine, beer and spirits, and textiles and apparel. Please note: The data from various sources are not from the same year. Standard credit payments apply in Thailand as well. Key Development Indicators of Thailand in 2020 are below, Please note the exports, imports and tariff data are based on reported data and not gap filled. U.S. exporters with products that are competitive for reasons other than price should consider working with a local partner as part of a market-entry strategy. USTR will continue monitoring the execution of this policy to ensure that it does not pose a form of unfair competition. However, in-bound travelers could still face challenges from changing health codes, mask-wearing requirements, and social distancing measures. Moreover, Thailand also imposes SPS measures on imports of foods, plants, and meat, among others. Where corruption is suspected during the bidding process, government agencies and state enterprises reserve the right to accept or reject any or all bids at any time and may also modify the technical requirements. Trade Barriers Includes the barriers (tariff and non-tariff) that U.S. companies face when exporting to this country. Data are in current U.S. dollars. Find COVID-19 Vaccines Near You: Vaccines.gov (English) Vacunas.gov (Spanish)Text your zip code to 438829 (GETVAX) in English or 822862 (VACUNA) in Spanish. Foreign Safeguard Activity Involving U.S. Exports, Thailand - Using an Agent to Sell US Products and Services, Thailand - Distribution and Sales Channels, Thailand - Selling Factors and Techniques, Thailand - Trade Promotion and Advertising, Thailand - Sales Service/Customer Support, Thailand - Protecting Intellectual Property, Thailand - Principal Business Associations, Thailand - Limitations on Selling US Products and Services, Thailand - Personal Care and Beauty Products, Thailand - Import Requirements and Documentation, Thailand - Prohibited and Restricted Imports, Thailand - Licensing Requirements for Professional Services, Thailand - U.S. Banks and Local Correspondent Banks. Imports of used motorcycles and parts, household refrigerators using chlorofluorocarbons (CFCs), refurbished medical devices, gaming machines, and computer peripherals are prohibited. Thailand has fourteen Free Trade Agreements with eighteen countries: the Regional Comprehensive Economic Partnership, which came into force early 2022, is the latest trade pact. However, according to the Weekly Thai Economic Bulletin of July 17 2019, the case was reported to the WTO's Committee on Technical Barriers to Trade (TBT Committee) in Geneva in June 2019, according to Mr. Wanchai, Director-General of the Industrial Product Standards Office, Ministry of Industry, Thailand. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). In May 2014, the Thai military suspended the constitution and took control of the government in a coup dtat. Thailand - Trade Agreements Tariffs imposed by Thailand in2015 are below. While Thailands MFN-applied tariff rate averaged 12.5 percent ad valorem in 2017 (latest data available), ad valorem tariffs can be as high as 226 percent; the ad valorem equivalent of some specific tariffs (levied mostly on agricultural products) is even higher. In May 2014, the Thai military suspended the constitution and took control of the government in a coup dtat. The Thai authority will consider the merits of the reported trade barrier that breaches any concession or Thailands interests under the WTO and/or other relevant agreements. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. The TAFTA tariff schedule can be downloaded from the Australian Government Free Trade Agreement website. Thailand - Prohibited and Restricted Imports High tariffs in certain sectors also remain an impediment to market access. Thailand - Market Challenges | export.gov Negotiations are continuing for the other three pillars of the agreement, which focus on facilitating trade and improving conditions for workers, expanding the use of clean energy, and reforming tax structures and fighting corruption. Importers of large equipment or machinery charge a commission of 5-10% and allow their customers to open a letter of . External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. The International Trade Barrier Index (TBI) follows on the success of its sister index the International Property Rights Index used by think tanks, governments, private industry, and academics from around the world to assess their property rights environment. Specific bureaus under the DFT are responsible for complaints based on the type of trade barriers for which they are responsible: Government offices other than the DFT administer specific types of qualitative non-tariff measures: However, if an interested party is uncertain as to which specific government office handles its complaint, it can file the complaint directly with the DFT, which will then forward the complaint to the responsible government office. Several key domestic companies are family businesses that span generations and are now headed by third-generation business leaders who possess deep knowledge of their industries. The next generation search tool for finding the right lawyer for you. Thailands economy has remained resilient despite the political upheaval. Secure .gov websites use HTTPS Tariffs can be based on the MFN tariffs which applied to all trading partners, Services Service Policy Restrictive Database. International Trade Administration The system is incentivized by the distribution of rewards from these penalty payments to customs officials involved in the investigation of each case. Despite the new Thai Public Procurement Act, that has been in effect since August 2017, corruption and lack of transparency in government procurements are major concerns for U.S. companies. Includes websites and other resources where U.S. companies can get more information on how to take advantage of these agreements. International Trade Administration The Biden administration announced Saturday that it had reached an agreement with 13 other countries in the Indo-Pacific region to coordinate supply chains, in an effort to lessen the countries dependence on China for critical products and allow them to better weather crises like wars, pandemics and climate change. The ranking of economies on the ease of trading across borders is determined by sorting their distance to frontier scores for trading across borders. Thailand - Trade Agreements. Please note: Prepared by our U.S. Embassies abroad. Hirschman Herfindahl index is a measure of the dispersion of trade value across an exporters partners. 1401 Constitution Ave NW Since the coup, Thailand has embarked upon a gradual return to democracy. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Number of countries to whom a particular country exports data in any given year. Find out more about Lexology or get in touch by visiting our About page. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Total number of products exported by a country at the Harmonized System six digit level in any given year. The values shown are midyear estimates. Thailand - Investment Climate StatementThailand - Investment Climate Stateme This information is derived from the State Department's Office of Investment Affairs Investment Climate Statement. In January 1992, Thailand signed the Framework Agreement on Enhancing ASEAN Economic Cooperation. Thai consumers are price conscious and generally served by local suppliers and low-priced imports. Thailand - Import Tariffs | export.gov SPS standards for certain agricultural products are applied arbitrarily and without prior notification. Local manufacturers of medical devices . Secure .gov websites use HTTPS For example: The NTE also highlights progress on removing barriers by continuing to work with our trade partners. Economic and Trade Statistics In 2020, Thailand GDP was an estimated $509.2 billion (current market exchange rates); real GDP was down by an estimated 7.1 percent; and the population was 70 million. labour measures (ie, non-discrimination of employment and occupation, imported goods must not be manufactured by child workers or prisoners): Ministry of Labor. Examples of these significant obstacles include: Agricultural Trade Barriers: The 2022 NTE Report highlights a number of cross-cutting barriers affecting U.S. agricultural trade, including (1) opaque and burdensome facility registration requirements, such as Chinas Decree 248 and 249, and Indonesias facility registration requirements for dairy, meat, and rendered products; (2) sanitary and phytosanitary (SPS) measures that are not based on science, are maintained without sufficient scientific evidence, or are applied beyond the extent necessary to address SPS issues, such as Turkeys onerous procedures and requirements for agricultural biotechnology approvals, Mexicos decisions on agricultural biotechnology applications and its decree providing for a phase-out of agricultural biotechnology corn, and the EUs burdensome certification requirements for animal products and non-science-based policies affecting innovative crop technologies; and (3) import licensing requirements and non-transparent import licensing administration restricting the flow of U.S. agricultural exports to a number of countries, including Angola, Ecuador, Egypt, and Indonesia. USTR will continue to engage foreign governments on policies that significantly affect U.S. exporters of digital products and services and undermine U.S. manufacturers and service suppliers ability to move data across borders. Further information about prohibited and restricted goods can be obtained from the Thai Customs website. Corresponding U.S. imports from Thailand were $22.5 billion, up 13.0 percent. Latest trade data available from various sources. 2020 along with the share in percentage are. The countries now affected by AFTA are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. WASHINGTON United States Trade Representative Katherine Tai today released the 2022 National Trade Estimate Report on Foreign Trade Barriers (NTE Report), providing a comprehensive review of significant foreign barriers to U.S. exports of goods and services, U.S. foreign direct investment, and U.S. electronic commerce in key export markets for the United States. 1) Mirror Exports is considered for export data 2) All Countries except World and EUN are considered as partner group 3) Product 'Total' is used for this computation 4) The indicator is computed at reporter-partner level and aggregated to reporter level. Many domestic companies are family businesses that span generations, and are now led by third-generation businessmen and women who are highly educated and possess deep knowledge of their industries. The Indo-Pacific Framework includes some of the same countries as the Pacific deal, as well as India, Indonesia, Korea, the Philippines and Thailand. The Government of Thailand requires a compulsory certification of 129 products in eighteen sectors, including food, civil and construction materials, consumer goods, electrical appliances and accessories, steel, electric power, plastic, chemistry, ceramic, lighting, concrete, medical devices, rubber and rubber products, surface coatings, chemica. Learn about barriers to market entry and local requirements, i.e., things to be aware of when entering the market for this country. Thailand has bound 75.2 percent of its tariff lines in the World Trade Organization (WTO), with an average WTO bound tariff rate of 28 percent. Share sensitive information only on official, secure websites. Egypt requires foreign entities that export finished consumer products to Egypt to register their trademark and their manufacturing facilities with Egypts General Organization for Exports and Imports. China trade barriers include various imposed restrictions and fees that discourage trading. Additionally, the procedure for determining customs value remains opaque as the valuation methodologies, determined by Ministerial Regulations, are subject to frequent change. Australian exporters enjoy preferential tariff rates on many goods as a result of the Thailand-Australia Free Trade Agreement (TAFTA) and ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA). They are often split among two categories: tariffs (TBs) and non-tariffs (NTBs) barriers to trade. Thailand is negotiating the details of additional FTAs with China, India, and the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), which currently comprises 7 countries: Bangladesh, Bhutan, India, Nepal, Myanmar, Sri Lanka and Thailand. There is no formal procedure for filing a complaint against a foreign trade barrier, specifically non-tariff barriers. The United States began negotiations for a more traditional trade deal in the Pacific during the Obama administration, called the Trans-Pacific Partnership. Thailand has bound all of its tariffs on agricultural products in its WTO commitments, but only approximately 73.5 percent of its tariff lines on industrial products. Thailand - Political Environment Links to the State Department's website for background on the country's political environment Last Published: 8/9/2019 For more information on U.S. relations with Thailand, visit the following website updated by https://www.state.gov/u-s-relations-with-thailand/ Prepared by our U.S. Embassies abroad. The countries now affected by AFTA are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. But prominent business groups expressed reservations about the Indo-Pacific deal, and on Friday, more than 30 of them sent a public letter to the administration saying the negotiations were leaving out traditional U.S. trade priorities that could help American exporters. Learn about barriers to market entry and local requirements, i.e., things to be aware of when entering the market for this country. Last Published: 8/9/2019. TRADE SUMMARY The U.S. trade deficit with Thailand was $11.2 billion in 2004, an increase of $1.9 billion from $9.3 billion in 2003. High tariffs in many sectors, however, continue to hinder access to the Thai market for many U.S. products. Thailand currently has Free Trade Agreements (FTA) with Australia, Chile, India, Japan, New Zealand and Peru.
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