What are tariffs & duties in Thailand?

Tariffs can be defined as a tax imposed on the value of imported goods, while duties may encompass various charges, including excise taxes and value-added tax (VAT). Tariffs and duties in Thailand can vary significantly depending on several factors, including the type of goods, their origin, and the applicable trade agreements.

How do tariffs and duties affect international trade in Thailand?

In the realm of international trade, tariffs and duties play a crucial role in determining the costs associated with importing and exporting goods. In Thailand, the regulatory framework regarding tariffs is governed primarily by the Customs Department, which imposes various tariffs based on specific criteria.

Does Thailand have a deal to reduce tariffs?

Thailand, which was facing a 36% levy, now has a deal, like most of its neighbours, to reduce the tariffs to 19%. The negotiations went down to the wire, finalised just two days before the deadline Trump had set - 1 August. It has been a fraught process getting there, and there is still very little detail about exactly what has been agreed.

What considerations should exporters consider when exporting from Thailand?

Key considerations for exporters include: Export Licensing: While most exports from Thailand do not require a license, certain goods such as controlled substances, weapons, and cultural artifacts may require authorization from relevant authorities. The Department of Foreign Trade oversees export licensing and compliance.

Which international trade issues will remain a concern for energy storage projects?

Two major areas of international trade that will remain causes of concern for energy storage projects are the application of tariffs and supply chain integrity.

Why is Thailand threatening a 10% tariff?

Thailand is threatened with an ADDITIONAL 10% tariff for aligning with BRICS policies under President Trump's trade warnings. On Monday July 7 2025, official letters were sent to 14 nations outlining tariffs that would go into effect on Aug 1, 2025. In the official letter, it was outlined: