The government is protecting local SMEs with stricter import controls and potentially introducing a VAT on imported goods below 1,500 baht. Oversight on e-commerce is also urged for consumer protection.
Government Initiative to Protect SMEs
The government is taking steps to protect local small and medium-sized enterprises (SMEs) from unfair competition by considering stricter import controls and potentially introducing a value-added tax on imported goods priced below 1,500 baht. This move aims to create a more level playing field for Thai businesses and promote growth in the domestic market.
Call for Regulatory Oversight in E-commerce Sector
- Stakeholders are urging the government to strengthen regulatory oversight on the e-commerce sector to ensure consumer protection and fair market practices. With concerns rising about fraudulent activities and lack of transparency in online transactions, the need for stricter guidelines and monitoring is emphasized to safeguard consumers against scams and inadequate product quality.
- Enhanced regulations could foster a more competitive environment for legitimate businesses, benefiting both consumers and entrepreneurs in the rapidly growing online marketplace.
Increased Supervision of Foreign E-commerce Platforms
The Thai government is stepping up its supervision of foreign e-commerce platforms, especially the Chinese online retailer Temu, to ensure compliance with Thai laws and tax regulations. Local businesses have raised concerns about market disruption from the influx of low-priced Chinese goods, particularly those offered by Temu with discounts as high as 90%. These actions aim to protect the interests of Thai businesses and consumers in the evolving e-commerce landscape.
