ส.อ.ท. ร่วมหารือคณะอนุกรรมการด้านการคลัง เสนอแนวทางรับมือภาษีสหรัฐฯFTI Discusses with the Subcommittee on Finance to Propose Ways to Address U.S. Taxation

On Thursday, July 24, 2025, Mrs. Banchusa Phutphromongkol, Vice President of the Economic and Academic Affairs Division of the Federation of Thai Industries (FTI), attended a meeting of the Subcommittee on Finance on behalf of the Economic, Finance, and Banking Commission at Meeting Room 301, 3rd Floor, Parliament Building.

The purpose of this meeting was to discuss and gather information and opinions from the Thai private sector regarding measures to cope with the U.S. customs tax hike in the view of the private sector, as well as the impacts on the industrial sector. Representatives from five private sector organizations participated, including the Federation of Thai Industries (FTI), the Thai Chamber of Commerce, Honda Automobile (Thailand) Co., Ltd., Toyota Motor (Thailand) Co., Ltd., and Seagate Technology (Thailand) Co., Ltd.

During the meeting, representatives from FTI provided information on Thai export products that heavily depend on the U.S. market and are at risk of being affected by the customs tax increase of 36%, such as rubber gloves, seafood, and clothing. They also proposed ways to address this issue with the government, focusing on three main approaches:
1. Enhance the country's production capabilities, such as supporting the adoption of AI technology and Smart Industry.
2. Manage and diversify risks, such as seeking new export markets and addressing cybersecurity issues.
3. Promote sustainable development, such as supporting the green transition and the BCG model.

Additionally, FTI proposed strategies to tackle business challenges in 2025 and recommendations to unlock the potential of the industry, which include:
1. Restructuring the industry with technology and innovation.
2. Improving laws to reduce trade barriers.
3. Enforcing stricter measures against the infringement of foreign products.
4. Promoting the use of local content and products made in Thailand (MiT).
5. Accelerating trade agreement negotiations and diversifying export markets.
6. Promoting and developing based on the BCG Model.

The subcommittee further discussed issues regarding product infringement, the determination of Local Content, support for SMEs, and strategies for businesses to adapt in order to mitigate the impacts of U.S. tax measures.