Germany Wins The World Cup And Orders Thailand To Benefit From It.

Less than P this year, some of the world cup's ball clothing is from a href= "http:// www.91se91.com/news/index_p.asp" > Thailand < /a > enterprises. With the help of Germany's victory, it also plays a positive role in promoting its exports.

At the same time, relevant departments in Thailand intend to further revive the domestic economy by raising the value added tax.

< /p >

According to the report of < p > July 22nd, the Ministry of Commerce of Thailand pointed out that the German team won the World Cup championship this year, which is beneficial to Thailand's economic development and Thailand's product export, including the increase in orders of the national team's advanced a href= "http:// www.91se91.com/news/index_f.asp" > clothing > /a, plus the EU's interest rate cut to help people's consumption expenditure.

In addition, the Germans also increased their celebrations at Thai restaurants.

< /p >

Sugila, director of the office of international trade promotion in Frankfurt, Germany, said that the German team won the "a href=" http:// "www.91se91.com/news/index_c.asp" World Cup /a Football Championship as the German wished, so the Germans celebrated the whole country and also brought economic growth.

It is also a good opportunity for Thailand's economic growth and exports to increase its exports. Among them, the German national team's sportswear orders were made in Thailand. Now there is a great demand in the market. After the German team won the championship, it added orders to Thailand's garment factories in a few hours.

< /p >

At the same time, the EU implemented interest rate cutting measures to stimulate the public to increase consumption expenditure, especially many Germans focused on holding the celebration of the German team's winning the championship. It also made Thailand's catering business better in Germany, and the sales of Thailand products also increased.

< /p >

During the 1-5 months of this year, the total export volume of Thailand to Germany was 1 billion 436 million US dollars, up 14.8% from the same period last year, of which the total export volume of garments products totaled 60 million US dollars, an increase of 14.3%.

In the first 5 months of this year, Thailand's total exports to the EU amounted to US $8 billion 752 million, an increase of 6.4%, with a baht of 282 billion 165 million baht and an increase of 16.6% in the Thai baht.

< /p >

< p > in addition, the Thailand military government's national stability and stability Committee announced last week that it will maintain 6.3% value-added tax on imports of goods and services or commodities from October 1st this year, plus 0.63% of the tax rates collected by local administrative organs, so that the value-added tax will be maintained at 7%.

The duty period will be extended from one year to September 30, 2015 to promote private consumption; from October 1, 2015, the value-added tax rate will be raised to 10% (9% of which is the state's tax rate on goods sales and services or goods imports, and 1% for local administrative organs).

< /p >

< p > experts say that maintaining a 7% VAT rate for one year will help Thailand's economic recovery, especially for domestic consumption, which is in the initial stage of recovery, and will continue to grow under the pressure of higher cost of living and family debt in the coming year.

If the value added tax rate is raised to 10% from October 1, 2015, it will affect the domestic consumption trend from the fourth quarter of 2015 to 2016.

However, one year's announcement of the VAT rate adjustment and the maintenance of the 7% VAT rate for one year will provide consumers and operators with a period of adaptation so that they will have enough time to plan their consumption and storage before implementing the new tax rate, which will partly reduce the adverse impact of tax adjustment on the private sector.

< /p >

< p > however, at present, it is not possible to judge the impact on the whole economic system only from the fact that the value added tax is raised. It is estimated that the government is studying the comprehensive reform of the tax system, some tax rates will be raised, and some tax rates will be lowered (such as preferential tax rates for small and medium enterprises, personal income tax relief and living expenses subsidy measures).

It is expected that in the coming months, the government will announce details of tax reform and have a positive impact on the overall economy, but it is not yet possible to assess its specific impact on the 2016 economy.

< /p >

< p > understand that Thailand's central bank recently released a forecast that Thailand's domestic economic growth will reach 3%-4% in the second half of 2014.

The above prediction depends on the positive recovery of domestic economy and national consumption level. Meanwhile, the tourism industry, as the pillar of Thailand's economy, is also stable because of the government's special budgetary support.

The State Council for economic and social development of Thailand said it would exempt visitors from mainland China and Taiwan for three months from the end of August 1st to the end of October.

The visa free fee is applicable to all the tour routes in Thailand, as well as the Thailand Island lines such as Buji and Su Mei.

Statistics show that the current Thailand visa fee is 230 yuan.

< /p >