Areepong Bhoocha-Oom

The government has a policy for Thailand to be a shopping paradise so it will reduce the tax on luxury imports to a competitive level with other countries like Singapore and Hong Kong, which have zero tariff on luxury goods like perfumes and cosmetics.
But Thailand still subjects such goods to 30-per-cent duties. If tourists come to Thailand and can purchase all they want here, it would boost spending per tourist.
The proposed reduction in import duties, initially on some items like cosmetics, perfumes and watches, would be submitted for Cabinet approval in one to two months so that it would be effective this year.
More spending would push up economic growth in the second half. It would also help promote the country’s tourism, which provides employment to a few million workers. Eventually, Thailand would be a more competitive destination than other shopping oases.

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