Home / Knowledge / News / Apparel/Garments / Thai luxury apparel retailers urge govt to lower duty
Thai luxury apparel retailers urge govt to lower duty
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

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search