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Suvarnabhumi Free Trade Zone

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Customs free zone split up at Suvarnabhumi Airport will be reviewed today

Monday, May 21st, 2007

The government will meet today to debate whether to split the customs-free zone at Suvarnabhumi Airport to help improve operations.

Sansern Wongcha-um, the deputy finance minister, said that drafting a new zoning plan with normal export and import operations separated from the customs-free zone was one possibility to be reviewed by the committee, which is chaired by Interim Prime Minister Surayud Chulanont.

The zone is intended to facilitate imports of raw materials and intermediate products to be processed locally before being re-exported as finished goods. Products entering the free zone are exempt from normal import duties.

Free-Trade Zone suggested for Suvarnabhumi Airport

Friday, October 6th, 2006

The Director of the Office of Transport and Traffic Policy and Planning (OTP), Mr. Maitri Srinarawat, says establishment of free-trade zones will attract more foreign investors to Thailand as well as increase Thai exports.

He commented that setting up the free-trade zone in Suvarnabhumi Airport will be an important part that helps reduce the cost of importing raw materials for goods manufacturing in Thailand. He also believed that goods produced for export will rise to 5 million tonnes per annum within 5 years, by which time Thailand will be able to beat up other trade rivals such as Singapore and Hong Kong.

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