Success Stories
Issue:
A world leading manufacturer and importer was seeking to exploit tariff reduction privileges for its products through Free Trade Agreements (FTAs) as well as to plan its supply chain utilization in order to minimize costs. To this end, the company approached Bolliger & Company to assist in conducting a study of FTA tariff preferences and costs associated with different options regarding production sites and market destinations.
Our solution:
We conducted a detailed comparative analysis of preferential tariff rates under the FTAs entered into between Thailand and its trade partners, as well as of the costs associated with different production sites and markets. The analysis covered various scenarios taking account of tariff rates, material sources, and logistics costs and times, among other factors.
Result
The findings of the analysis enabled the client to effectively utilize the FTA privileges to reduce import duty and optimize its supply chain in a way that saved both costs and time.
For more information, please contact:
Rachda Chiasakul, Ph.D. | Partner | Managing Director
Rachda.C@bolliger-company.com
|