Some Thai exports including textiles, ceramics, steel, machinery and electronic products have benefitted from a cut in China’s import tax, which came into effect on November 1, 2018.
Average import tariffs on 1,585 products – about 19% of all taxable items – have been lowered from 10.5% to 7.8%, according to a report by the DITP office in Chengdu.
The report also mentions that China’s tariff cut has helped drive Thai exports to China, as Thai businesses can export products to China more cheaply, especially for some products that are not included in the ASEAN-China Free Trade Agreement.
Exporters are advised to study the details of this measure to better plan their exports to China.
