SMEs concerned over parts imports
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Small- and medium-sized enterprises (SMEs) in the automotive industry express concerns over the impacts on their products, as large-sized firms are importing parts.
As some suppliers suffer from floods and could not resume normal operations following the nation's worst floods in decades, large firms are now importing components and parts, according to Alliance for Supporting Industries Association's president Prasert Thammanookul.
The floods have affected about 891 factories in industrial estates, according to the Thai Industrial Estate and Strategic Partners Association.
Some of SMEs could relocate their machinery or hire other firms to manufacture parts, he said.
In response to the Finance Ministry's import tariff break given until the situations are back to normal, Prasert urged the ministry to set a specific tax-break period for such imports or this will affect local manufacturers.
