Thailand is no longer imposing a quota tax on imports of Japanese steel

(Thailand-Japan Economic Cooperation Partnership Agreement (JTEPA)) on January 1 this year, the Thai Foreign Trade Office in accordance with the provisions of the agreement, announced the abolition of imports from Japan (Japan-Thailand Economic Relations Partnership Agreement (JTEPA)) on January 1 this year, Steel and cast iron products. Under the bilateral agreement, Thailand will impose a quota tax on iron and steel products and iron and steel products imported and exported directly from Japan. Means that the future imports of iron and steel from Japan, cast iron products without import taxes, and no quantitative restrictions.

(JTEPA)) on January 1 this year after the entry into force, according to the agreement, Thailand will cancel the import of iron and steel from Japan and cast iron products (JTEPA) announced that Japan and Thailand signed a new strategic partnership agreement (JTEPA) Impose a quota tax, and the number of imports is not restricted.

From January 1 this year, Thai companies import steel and cast iron products from Japan, and they will be exempted from import duty by presenting their certificates of origin in the format stipulated in the bilateral agreement, while not restricting import Quantity. This will facilitate the use of steel, cast iron material manufacturers to reduce costs and imports more convenient.

Before the JTEPA agreement came into force, Thailand has adopted a quota system for steel and cast iron products imported from Japan and directly imported from November 11, 2007, according to the agreement, from the 11th to abolish the quota tax. And therefore announced that since January 1, 2017 the implementation of the new requirements.