December 12, 2008

Thailand reduces soymeal tariff for 2009


The Thai Cabinet, on November 25 approved a reduction in the tariff for soymeal imports from 4 percent to 2 percent which will take effect from January 1 to December 31, 2009. 


The Royal Thai Government continues its domestic absorption policy for soymeal imports.  Eligible importers are required to buy domestic soymeal at guaranteed prices determined by the Ministry of Commerce.
The details of next year's soymeal import policy are as follows:                                        

Soybean Meal

Tariff Rates


     1) WTO member countries

In-quota tariff 2 percent  Out-of-quota tariff 119 percent

Tariff rate quota (TRQ) unlimited, but subject to domestic absorption requirement

     2) AFTA

Tariff 5 percent

Tariff rate quota (TRQ) unlimited

     3) Thai-Australia FTA , Thai-New  Zealand FTA & JTEPA

Tariff  0 percent

Tariff rate quota (TRQ) unlimited

     4) General Import Procedure

Tariff 6% with extra fee 2,519 baht/tonne (US$73/tonne)

Tariff rate quota (TRQ) unlimited

Note:  AFTA = ASEAN Free Trade Area
          JTEPA = Japan-Thailand Economic Partnership Agreement
The amount of imports from WTO country members is unlimited with a zero import duty.  Eligible importers include the Thai Feed Mill Association, Duck Breeders Association for Trading and Export, Feedstuff Users Promotion Association, Thai Broiler Processing Exporters Association, Thai Feed Mill Association, Broiler Raiser for Exporting Association, Thai Livestock Association.
Imports under ASEAN Free trade Area will be subject to a five percent import tariff with unlimited tariff rate quota.
Imports under Thai-Australia FTA, Thai New Zealand FTA and JTEPA will be subject to a zero import tariff with unlimited tariff rate quota.
Imports of soymeal which do not fall on any categories as indicated above will be subject to a six percent import duty with extra fee of 2,519 baht/tonne (approximately US$ 73/tonne).
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