Thailand to lose Bt3-4 billion revenue from AFTA tariff cuts
Thailand’s Customs Department expects revenue from import and export duties will decline by Bt3-4 billon (US$90-120 million) in the wake of the ASEAN Free Trade Agreement (AFTA) cuts which became effective on January 1, with the department adjusting its role from tariff collector to facilitator, a senior customs official said on Friday. (More …)