Thailand opens market for imports under WTO framework

14 Sept 01:30 Key points summarised by AI

Thailand approved opening its domestic market for four agricultural products (onion seeds, dried onions, seed potatoes, and fresh potatoes) to fulfill World Trade Organization (WTO) obligations.
Effective from 2026-2028, these imports will largely benefit from a 0% tariff within specified annual quotas, while quantities exceeding these limits will face significantly higher tariffs.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 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.