Bloomberg News

Thailand May Cut Import Taxes on Food, Bottled Water Shortages

October 24, 2011

Oct. 24 (Bloomberg) -- Thailand will propose cutting import taxes on bottled water and food such as eggs, milk formula and pork after flooding led to shortages, said Vachari Vimooktayon, director-general of the Internal Trade Department.

“Flooding has hindered logistics and many distribution centers are swamped,” Vachari said after meeting representatives of retailers such as Tesco Lotus and Big C. “We plan to allow those retailers to import those scarce products from Malaysia and Singapore.”

Deputy Prime Minister Kittiratt Na-Ranong planned to ask carbonated beverage makers to shift production of soft drinks to drinking water to alleviate shortages, he told reporters today.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Daniel Ten Kate at dtenkate@bloomberg.net


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