BANGKOK: Thailand plans to revamp its import duty structure and non-trade barriers as it prepares for talks with the Trump administration to lessen the impact of a 36% tariff on its exports to the US.
The South-East Asian nation, which had a US$45 billion trade surplus with the US last year, will not only lower import levy on US goods but also those from other origins, said Finance Minister Pichai Chunhavajira (pic), who’s set to lead Thailand’s tariff negotiations. The country will also be more vigilant about the certificate of origin rules that some have previously sought to circumvent US tariff walls, he said.
