The transit trade goods have been detained! Attention! Reminder on the types of prohibited and restricted imports and exports in the country

According to the Economic and Commercial Department of the Embassy in the Kingdom of Thailand, some Chinese enterprises have recently reported that their goods for transit trade through Thai ports have been detained due to failure to obtain relevant permits in advance according to regulations. To prevent and reduce commercial losses, Chinese enterprises are advised to inquire about relevant regulations through the websites of Thai customs and other relevant departments before engaging in trade

What is transit trade?

Transit trade, also known as intermediate trade or re export trade, refers to the buying and selling of imported and exported goods in international trade, which is not directly conducted between producing and consuming countries, but through the transfer of hands from a third country. This type of trade is called transshipment trade for transit countries. The goods traded can be transported from the exporting country to a third country, where they are not processed (such as changing packaging, selecting, organizing, etc.) before being sold to the consuming country; It is also possible to transport directly from the producing country to the consuming country without passing through a third country, but there is no transaction relationship between the producing country and the consuming country. Instead, the transit country conducts transactions with the producing country and the consuming country respectively.

What products are suitable for transshipment trade?

Not all products need to undergo third country transshipment trade, nor do they necessarily need to use transshipment transportation to avoid taxes for foreign importers when encountering anti-dumping measures. Whether export products need to undergo transit trade transportation generally takes into account factors such as quotas, value of goods, anti-dumping tax rates, product categories, and the increased costs of transit transportation.