With negotiations ongoing between the European Union and the Thai government over a Thai-EU free-trade agreement, TEBA recently brought a delegation of its members to discussions at the Thai government’s Department of Trade Negotiations (DTN) on 19th November on the topic of the duty drawback proposal from the European Union.
The duty drawback proposal from the EU would mean that any products exported from Thailand that have received a duty drawback on imported machinery and raw materials under schemes from the Board of Investment, Section 19 BIS, and customs-free zones would be ineligible to receive tax benefits under the free-trade agreement.
The Board of Investment (BOI), which also attended the meeting, made clear that it will fully support investment promoted companies in Thailand and will defend its case against any demand from the EU on the duty drawback clause.
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