Thailand

Thailand signs trade agreement with EU, same tax rates as before Brexit

FILE PHOTO

Under a new agreement with the European Union, Thailand can export to the trade bloc under the same tax rates and trade privileges from before Brexit. After the UK left the trade bloc on January 1, the tariff rate quota deal between Thailand and the EU was renegotiated. The agreement goes into effect next month.

The recent agreement only covers the same quotas for goods under the previous agreement, according to Thailand’s permanent representative to the World Trade Organisation, Pimchanok Pitfield.

“Products covered in the agreement include rice, poultry and fishery products, which Thailand will still be able to export to the EU with the same trade privileges extended before Brexit.”

She says Thailand’s Department of Foreign Trade has been the main negoitator for the deal and they had been working since 2019 to secure, at the least, the same quotas and rates Thailand had with the EU prior to Brexit.

There will be other, separate negotiations between Thailand, the EU and UK on export duty reductions and Thailand’s Commerce Ministry plans to push for higher quotas and lower duty rates for exports of goods related to agriculture and fishery, Pimchanok told the Bangkok Post.

SOURCE: Bangkok Post

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Tanutam Thawan

Local Thai journalist speaking fluent Thai and English. Tanutam studied in Khon Kaen before attending Bangkok’s Chulalongkhorn University.

9 Comments

  1. If there is a eu trade agreement why we have to pay for German products over 200% import tax, for example mercedes and other german products. The eu doesnt recordnice how the Thai government is cheating with every agreement?!

  2. Most countries get away with murder when it comes to trade deals. Most western governments seem to focus on the value of the trade rather than the principles involved. If Thailand introduces excess 100% import tax on German cars, then Germany should impose 100% import tax on Thai rice for example.

  3. Besides that why is the West dealing with an unelected dictator, who locks up students with long waits for trial, who peacefully demonstrated against a foul dictatorship?

  4. Well that’s a whole new topic @Toby. I couldn’t agree more. That’s the next layer of hypocrisy world leaders engage in. Money talks as it always has and always will. You just need to filter out the BS when leaders decry the actions of other leaders. Keep the money flowing is always the number one priority.

  5. Import duty was about 800 percent on high end cars and was about 300 percent on imported large capacity motorcycles in the 80’s and early nineties.imported booze especially wine commanded a pretty stiff tax then also.most imported stuff attracted import taxes of one sort or another and a lot were quite large.life in thailand back in the last century was not always as cheap as many people think.

  6. I fail to see how this is news.

    Thailand had a trade agreement with the EU.

    England left the EU.

    Thailand has the same trade agreement with the EU.

    And for this, Thailand has been negotiating since 2019. Way to go, boys.

  7. “If there is a eu trade agreement why we have to pay for German products over 200% import tax, for example mercedes and other german products”

    Ummm … because that’s the agreement?

    ROFL …

  8. Very disappointing! If memory serves me correct, a year or two ago the European Union said they would not do business with Thailand unless a civilian government was elected. I wonder what happened… Why change? Is Thailand a tax Haven for influential members of the EU? I could see that being a leverage point for the Thai government.

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