Thailand strengthens monitoring of product standards to curb cheap imports

October 18, 2023 | 09:20
(0) user say
The Industry Ministry is being asked to allow the creation of a new regulatory unit to help it monitor product standards, aiming to control the influx of cheap Chinese imports, said the Federation of Thai Industries (FTI).
Thailand strengthens monitoring of product standards to curb cheap imports
Thailand's Industry Ministry is being asked to allow the creation of a new regulatory unit to help it monitor product standards. (Photo source: Thaipbsworld.com)

Bangkok – The Industry Ministry is being asked to allow the creation of a new regulatory unit to help it monitor product standards, aiming to control the influx of cheap Chinese imports, said the Federation of Thai Industries (FTI).

The new agency's mission is to help the ministry’s Thai Industrial Standard Institute (TISI) to certify the quality and safety of goods, the FTI added.

According to FTI, the TISI is too slow in its operations which means it is not effective in helping the government prevent the import of substandard goods.

"The government needs a helping hand because the import of cheap Chinese goods continues to increase, leading to dumping in the Thai market," Thawee Piyapatana, Vice Cchairman of the FTI was quoted by the English-language Bangkok Post newspaper as saying.

The FTI said the influx of cheap Chinese goods is affecting local manufacturers across 20 sectors, including steel, aluminium, plastics, ceramics, petrochemicals and medicine.

The import volume will continue to rise if the government does not improve its product certification process, said Thawee.

Besides, if Chinese imports continue to increase, it could be a factor leading to a trade deficit, he said.

The Commerce Ministry reported earlier the customs-cleared value of exports increased by 2.6% year-on-year in August, the first gain in 11 months, to 24.3 billion USD. Imports contracted by 12.8% to 23.9 billion USD, resulting in a trade surplus of 360 million USD.

During the first six months of this year, the FTI noted a rapid increase in Chinese imported goods. Thailand has a trade deficit with China of several million baht, the paper cited Kriengkrai Thiennukul, Chairman of the FTI.

Thailand, Japan vow to boost economic ties Thailand, Japan vow to boost economic ties

Japanese Foreign Minister Kamikawa Yoko and her Thai counterpart Parnpree Bahiddha-Nukara agreed on October 12 in Bangkok, Thailand that the two countries will enhance economic cooperation.

Small cities can help promote Thailand Small cities can help promote Thailand"s growth

Cities in Thailand outside Bangkok can accelerate the country's growth but will need to find ways to access private capital to improve urban infrastructure, according to a study by the World Bank (WB).

By VNA

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional