Home / Knowledge / News / Apparel/Garments / Thai luxury apparel retailers urge govt to lower duty
Thai luxury apparel retailers urge govt to lower duty
23
Mar '12
Luxury apparel retailers in Thailand are requesting the Government to review the current import duty structure and decrease duties on various fashion and branded products so that Thailand can increase its competitiveness against neighbouring Singapore and Hong Kong.

Thailand currently levies an import duty of 20-30 percent on luxury and foreign apparels.

Gaysorn Land Asset Management Co, which operates the famous Gaysorn shopping centre that boasts stores of several foreign luxury apparel brands, said the import duty currently levied on luxury apparels is quite high compared to similar duty in other countries, which means shoppers end up paying more in Thailand than in other countries.

Gaysorn said the Government should review its policy to promote tourism and boost domestic consumption.

The company said luxury apparel sector has grown rapidly in Thailand in recent years, and the Government needs to help it to remain competitive.

In December 2011, brand-name outlets at Gaysorn posted record sales, in spite of the country having faced heavy floods. Retailers forecast that last year's sales momentum will continue in 2012.

The ongoing debt crisis in several European countries is driving many luxury brands to open their establishments in Asia, and Gaysorn has received requests from over 10 luxury apparel brands to open their outlets in the mall.

Last year, earnings of global luxury apparel brands at Gaysorn grew by 34 percent, while those of Thai designer brands increased by 35 percent.

Gaysorn will be celebrating its 10th anniversary this year and will be hosting a number of fashion events in partnership with several luxury apparel brands.

Fibre2fashion News Desk - India


Must ReadView All

Bangladesh panel to revise minimum wage for garment workers

Apparel/Garments | On 16th Jan 2018

Bangladesh panel to revise minimum wage for garment workers

The Bangladesh labour and employment ministry recently formed a panel ...

30th rank for India in WEF global manufacturing index

Textiles | On 16th Jan 2018

30th rank for India in WEF global manufacturing index

India has been ranked 30th on a global manufacturing index by the...

Patanjali items now available on e-commerce giants

Apparel/Garments | On 16th Jan 2018

Patanjali items now available on e-commerce giants

The products of Patanjali Ayurved Limited will now be available on...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.8%
No
13.5%
Skip
17.7%

Total Votes: 96

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.5%
No
29.2%
Skip
7.3%

Total Votes: 96

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.5%
No
9.4%
Skip
3.1%

Total Votes: 96

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.3%
No
8.3%
Skip
9.4%

Total Votes: 96


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search