Includes the barriers (tariff and non-tariff) that U.S. companies face when exporting to this country.
Thailand is not a signatory to the WTO Agreement on Government Procurement. As such, high tariffs in certain sectors also remain an impediment to market access. Nontariff barriers such as licensing, labeling requirements, and localization barriers impede commerce. Price controls and excise taxes, based on an exceedingly complex tax structure, also negatively affect international trade.
Sanitary and phytosanitary (SPS) measures continue to be a source of concern for the United States. SPS standards for certain agricultural products are applied arbitrarily and without prior notification.