Thailand’s Customs Department is poised to cut the 30 percent import duty on luxury items in an effort to boost tourists’ spending, its chief says.
The department will convene a meeting with the private sector this month to arrange the tariff reduction before forwarding it to finance permanent secretary Somchai Sujjapongse for deliberation, director-general Kulit Sombatsiri said.
The new duty level must not hurt domestic manufacturers, he said without elaborating.
(Source: Bangkok Post)