The government has a policy of stimulating the economy with alcohol. You have to see it during the relaxation of alcoholic beverages. with strong control rules Which party’s measures will be able to drive the economy the most?
The government has a policy of stimulating the economy with alcohol. You have to see it during the relaxation of alcoholic beverages. with strong control rules Which party’s measures will be able to drive the economy the most?
The current government has a policystimulate the economythrough various measures Promote tourism and spending and promote careers and occupations related to entertainment venues, restaurants and various related services through important measures such as the reduction of import taxes on wine Community tax reduction on alcohol Extension of opening hours of places of entertainment in four pilot provinces: Chiang Mai, Bangkok, Chonburi, Phuket, Koh Samui and Surat Thani districts.
Including the extension of the hours of sale of alcoholic beverages from the original 10 hours a day to 14 hours a day. More liberalization of alcoholic beverages is expected such as Lifting the ban on online alcohol sales Reducing taxes on alcoholic beverages to 0 under the Thai-EU FT agreement, etc.
Academics question whether such measures can really stimulate the economy. And is it worth it? In the seminar “Economic Stimulus in the Case of Alcoholic Beverages: Economic Reasons and Social Perspectives” organized by the Institute of Social Research and the Institute of Asian Studies Chulalongkorn University together with the BioThai Foundation yesterday (March 13, 2024) they stated this in an interesting way
If production measures are reduced There will be an additional yield of about 45,000 million baht and higher returns. There is an increase in social costs of 30,000 million baht, so the increased profits should be spent on healthcare issues. Importantly, import taxes will be reduced will produce the world’s mass production wine It can be imported to be sold in Thailand at a lower price. It could have an impact on the Thai wine industry.
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and I noticed that Improve the law to allow advertising Bigger ones will probably have more positive results. Because there is more money that can be marketed in various ways. Small businesses just have the opportunity to acquire more target customers. Because there are limitations to money in marketing. As for extending the time to allow alcohol consumption in tourist areas Even if it makes tourists drink longer. But there is research data that indicates that during From 1970 to 2019 it was found that the population consuming beer has increased. causing a decrease in Thailand’s economic growth
Research also indicates that If alcoholic beverages are strictly controlled Instead, it makes the economy do well, as in 2015 in Singapore. Enact laws to control alcoholic beverages. In the supermarket, selling hours have been reduced to 10.30pm. In pubs and bars you can drink until 11.59pm. In 2023, a clause was added that if a restaurant does not comply with the law it will have to pay a fine of about 270,000 baht, those who drink over time will pay a fine of almost 30,000 baht, which may attract tourists. and have continuous economic power and has a positive effect on the country’s economy
While the Thai measures released now do not solve the issue of monopoly capital in the alcohol industry. It was proposed to use fiscal measures for control. Changing the tax structure to use the increase in income to pay more for healthcare issues, but whether the FTA mechanism is to be used with alcoholic beverages It is also necessary to consider the net trade balance.
Because at the moment exports are only in surplus with beer, while spirits and wine are still in deficit, so we will have to see if during the relaxation of alcoholic beverages. with strong control rules What measures will be able to revive the economy? and will be able to attract quality tourists who have the economic power to come and stay in the country on an ongoing basis
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