Problems relating to Trade and Investment on Thailand
2. Grant of a preferential tariff rates based on increased home production, and/or local procurements |
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Issue |
Issue details |
Requests |
Reference |
| (1) Local Contents Requirement is attached to the BOI's Investment Incentive | - To obtain International Procurement Office (IPO) approvals, Board of Investment (BOI) requires the made-in-Thailand products represent more than 10% of the FFE's total business. Moreover, products manufactured by an MFS's factory in Thailand EPZ do not count in the 10% Thailand transactions, since they are treated as overseas products. It takes a complicated import route by product. (Note: BOI's IPO is an incentive measure that exempts import tariffs on parts and products.) | - It is requested that BOI deregulates the requirements for IPO approvals by repealing the 10% locally made products requirements, or includes products made in EPZ in the Thailand business. | |
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