Import-Export What are the Customs Procedures in Thailand?

Import-Export: What are the Customs Procedures in Thailand?

Since the Foreign Business Act was established in 1999, foreign businesses expanding in Thailand in a few very specialized industries have been required to have a Thai shareholder majority. Activities involving import and export are excluded from this requirement. Thanks to this exemption, well-developed infrastructure, and a clear regulatory framework, Thailand serves as a center for cross-border trade. Thailand's exports of goods reached US$212 billion in 2015, ranking 22nd in the world in terms of value. Thailand was the 25th highest importer in the world for the same year, with a total of 177 billion US dollars of imports.

In comparison to the average for Thailand's neighbors in East Asia and the Pacific, the World Bank reports that import and export times and prices are much lower in Thailand. The implementation of a customs system that is available on the web in recent years has considerably streamlined import/export operations. A number of processes, including the granting of permits and the payment of customs and taxes, have been totally dematerialized and are now done online.

The purpose of this article is to provide a summary of the steps involved in exchanging products from or to Thailand.

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inventory management

Everything you Need To Know about Inventory Management

Inventory management is an efficient process that helps to avoid shortages within the organization. This process manages the entire raw materials and supply chain management gets full support.

Inventory management entails the goods and material swiftness process. Managing the customers and sellerโ€™s support and assessing the benefits are the major functionality of the inventory management. In other words, inventory management delivers the best output towards the sales of the organizations.

There have been a few basic steps of inventory management that occupies, purchasing inventory, storing inventory, profiting from inventory. Inventory can be the best asset for any company. Too little inventory creates dissatisfaction among customers, whereas, broad inventories create liabilities and multiple risks.

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find-wholesale-supplier Vietnam

How to Find Wholesale Suppliers in Vietnam?

Vietnam's manufacturing industry is developing faster than ever, which means that finding the best supplier for your products is simpler, but not as in China yet, in fact, itโ€™s still a number of difficulties.

The main obstacle to sourcing a supplier in Vietnam is the fragmented business environment. Despite having the third-fastest economic growth in the world, Vietnam is nonetheless going through some growing pains.

When looking for a supplier, it can occasionally feel like the Wild West, and getting information without being there in person can be difficult.

Despite this, you can still get assistance from a number of sources. The finest strategies to find a supplier in Vietnam are gathered in this guide.

If you are looking to import products from Vietnam, but you have some apprehension regarding the supplier, this article will help you !

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Supply Chain Analytics,Companies process, logistic

Why Do Logistics Businesses Require Supply Chain Analytics ?

Everyday logistics and transportation companies process a wealth of data for better decision-making. However, relying only on spreadsheets while planning the supply chain leads to ineffective resources and time sharing. Therefore, supply chain analytics is considered one of the most critical investments for making a smooth-running supply chain management system.

But how to extract intelligence from a logistics network to make the most out of it? This is where supply chain analytics software comes into play. This solution allows enterprises to improve the entire supply chain by receiving valuable insights.

This post will reveal the essence of the supply chain, its opportunities for businesses, use cases, and analytics software implementation steps.

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How to guarantee a successful international delivery [Freight - Logistics ]

How to guarantee a successful international delivery ? [Freight – Logistics ]

The phrase "international shipping" refers to the process of taking a package out of one country and delivering it to a destination in another via ocean, air, or road.

Moving freight across borders is a difficult operation, and there are numerous rules and regulations that go along with it. Businesses must be aware of and adhere to certain international shipping regulations in order to import or export goods successfully. They also need to gather the necessary paperwork to ensure that their shipments are cleared by customs.

This article will help you understand how to make your international deliveries as successful as possible and who to contact to optimize it.

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Difference Between FTL and LTL

Trucking Services: Difference Between FTL and LTL

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Master Bill of Lading (MBL) vs House Bill of Lading (HBL)

Master Bill of Lading (MBL) vs House Bill of Lading (HBL)

Master Bill of Lading (MBL) vs House Bill of Lading (HBL)The documentary part in import and export operations is very important. Indeed, the slightest missing document and your cargo can be blocked at customs, or even destroyed ... In this article, we will explain the difference between a Master Bill of Lading (MBL) and a House Bill of Lading (HBL).

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All you need to know about the incoterms 2020

All you need to know about the incoterms 2020

In an era of globalization, one might think that exporting is very simple. But the reality is different: ways of doing things vary from one country to another, languages, customs, different judicial systems and non-tariff barriers can make life difficult for us. Fortunately, Incoterms offer us an undeniable advantage: predictability. Recognized around the world, they provide a common language for companies working internationally.

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