Thai PM addresses concerns over Temu's impact on local SMEs, encourages stricter import measures.

Thai PM Srettha addresses concerns over Chinese e-commerce platform Temu's entry, offering up to 90% discounts on products, which could harm local SMEs. PM Srettha says all businesses in Thailand must fulfill tax obligations and encourages stricter import measures, like a value-added tax for goods priced below 1,500 baht, to protect local SMEs. The Thai E-commerce Association president Pawoot Pongvitayapanu calls for stronger action against illegal cross-border products and stricter import standards for fairness to local SMEs.

August 04, 2024
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