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Thailand Post suspends parcel service to US under duty-free de minimis treatment

11 Sept 03:31 Key points summarised by AI

Thailand Post has suspended its duty-free de minimis parcel delivery service to the United States, effective August 22nd.
This suspension is a direct result of the US administration's decision to end the duty-free de minimis protocol for all countries.
Despite the change, Thailand Post continues to offer parcel services to the US via Courier Post, Courier One Price, and Amazon FBA.
The US Department of International Trade Promotion expects this policy shift to generate an additional US$100 billion in annual revenue for the US administration.
The de minimis entry system, which allowed low-value shipments (under US$800) to enter the US without duties, was controversial due to concerns over its impact on domestic manufacturers and potential for illicit trade.

Today 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.