Saturday, August 22, 2009

FOREIGN CHAMBERS WARMLY WELCOME PLANNED CUSTOMS OVERHAUL

       The Joint Foreign Chambers of Commerce in Thailand(JFCCT) has welcome Deputy Finance Minister Pradit Pataraprasit's moves to reform the Customs Department, applauding the changes he has vowed to institue,
       "It's big step in the right direction that can help improve Thailand's competitionment," said Nandorvon der Luehe, chairman of the JFCCT, which is the umbrella body for 30 Thai-foreign cahmbers and business associations representing about 9,000 companies.
       "With so many major global manufacturing operations now located in Thailand, it is essential that they are able to predict the cost of their imported specialised components and materials and are also able to bring them into the country efficiently. Without that predictability and efficiency, Thailand-based plants lose some of their global competitiveness. There has been a lot of unpredictabity in the system, and Pradit's reforms should help reduce uncertainty and increase transparency," he said.
       He said one of the biggest grievances among businesses was the Customs Department did not confirm how a producut would be classified how a product would be classified for duty or how its duty would be calculated prior to the product being ordered. Even after that, there can be variations in how the valuation is made from shipment to shipment.
       "The JFCCT are especially pleased the draft law to be proposed will allow for flexibility in assessing penalties and make it easier for importers to get impartial, judicial review of grievances and that there
       "It's a big step in the right direction that can help improve Thailand's competitiveness in the global trading environment."

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