The Cabinet gives the green light to excise duty on imports of coconuts for processing exceeding the quota of 72% in Thailand

The Cabinet approved a special protection measure for coconut products in 1964, collecting a 72% import tax if the import exceeds the quota. Increasing the compulsory ratio to buy coconuts in the country On October 5, 2021, at the Government House, Ms. Ratchada Thanadirek, Deputy Spokesperson for the Prime Minister's Office, announced that the Cabinet meeting (Cabinet) approved the Special Safeguard Measure (SSG) under the WTO Agriculture Agreement and FTA Agreement for Imports of Coconut Products 2021 in accordance with the Oil and Vegetable Oil Committee Resolution in order to prevent too much coconut imports that affect farmers Due to the insufficient quantity of coconuts to meet the demand in the food processing industry Therefore, it is necessary to import coconuts under special safeguards. so that entrepreneurs can continuously import coconuts There are enough raw materials to supply the factory. And most importantly, it does not affect the coconut farmers in the country. ...