(CTN News) – Approximately THB3.5 billion ($96 million) will be spent by local retail businesses every year as a result of the Duty-Free move.
The amount that is anticipated to be spent on a yearly basis is as follows. The two numbers in question are both estimates that are on the more conservative side of things. The calculations indicate that this is the outcome that is anticipated to take place, and as a consequence, it is anticipated that it will take place.
Ministers have accepted policies that promote Thailand as a tourism and spending hub, as stated by Rudklao Intawong Suwankiri, who is a deputy spokesman for the Thai government.
The duty-free assertion was made within the past week.
It was possible for everyone to hear Suwankiri’s comment because it was public. The information in question was reportedly available to the general public, as stated by the Bangkok Post reporter.
An individual who is employed by the government of Thailand in the capacity of providing a deputy spokesman. It was during that particular time period that Suwankiri made the announcement that ministers acknowledged the standards that had been set up until that point in time.
These regulations were previously presented by the Ministry of Finance with the goal of putting them into action prior to the actual adoption of these regulations before they were really put into effect.
The eight international airports that have been informed by her that all three operators of duty-free enterprises that specialize in inbound travel have reached an agreement to cease their activities at these airports are Suvarnabhumi, Don Mueang, Chiang Mai, Phuket, Hat Yai, U-tapao, Samui, and Krabi. She has informed these airports that they want to cease their operations at these airports.
Also, she’s telling these duty-free airports they’re closing soon.
It is through her message that she has signaled to these airports their wish to bring an end to their activities at these airports. Furthermore, she has told these airports that they will be ending their operations in the not too distant future.
Additionally, she has informed them that they have reached a consensus as a group to cease their operations at specific airports. This is something that she has informed them about. In relation to this topic, these are the items that she has discussed with them.
When it comes to encouraging customers to shop at domestic establishments, the government has specifically issued a mandate with the intention of doing so, and this strategy is in accordance with that instruction from the government.
Regarding the timetable for the move, it would appear that there is no information accessible at this time, taking into consideration the information that is now available.
The report that was presented by the Customs Department in 2023 said that the total amount of income that was earned by duty-free stores that were imported into Thailand was 3.02 billion Thai Baht.
Duty-free report included this information.
The report contained this information as part of its contents. As part of its contents, the report included this information as one of its components. The report, which served as the source of the information, was the source from which this information was acquired.
According to Rudklao, the fact that tourists are able to purchase products from duty-free shops that are situated within the country imposes a constraint on the amount of money that may be spent on commodities that are generated within the country.
According to the Ministry of Finance of the country, the closing of duty-free outlets that are located inside the borders of the country would result in an increase of THB570 per person for each voyage that is taken by visitors from other countries.
This increase will effect each and every trip that is taken by tourists from other countries. Every single person will endure this increase in their own unique way.
There is a consensus among those in the Ministry of Finance that this is the situation. The Ministry of Finance of the government is of the opinion that this is the point of view that they advocate for.
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Salman Ahmad is known for his significant contributions to esteemed publications like the Times of India and the Express Tribune. Salman has carved a niche as a freelance journalist, combining thorough research with engaging reporting.
