Problems relating to Trade and Investment on Thailand

15. Price controls
Issue	Issue details	Requests	Reference

(1) VAF Electric Wire designated under Price Control

- Department of Internal Trade (DIT) has designated 43 items, as being goods subject to price control, including electric wire that a member firm merchandises. This designation has crippled the member firm's ability to gain reasonable operational profit. Electric wire incorporates, as raw materials, copper, the price of which is highly susceptible of international market price. When the copper market price goes up, while there are ways to pass on the copper price increase to end products, it requires governmental approval to raise the price of the end products, acquisition of which requires onerous time consuming application procedures. There is no way to synchronise the cost increase of raw materials with the selling price of the end products.

- It is requested that DIT excludes electric wire from the goods subject to the price control, for protecting low income earners from the distortion compelled by the price control and its monitoring.

- Department of Internal Trade (DTI), DTI Law Article 16, Office of the Central Committee

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