By Inside Retail Asia
Thailand will close inbound Duty Free stores in international arrival zones to boost domestic sales, with projections for up to 3.5 billion baht a year (US$95.7 million) of new local retail spending.
The closure aims to promote domestic consumption and use of local goods, redirecting spending and increasing overall economic value.
According to the Bangkok Post, the operators of inbound tax-free stores at Suvarnabhumi, Don Mueang, Chiang Mai, Phuket, Hat Yai, U-tapas, Samui, and Krabi, have agreed to cease operations of their stores at the eight international airports.
Tax benefits for bonded warehouses in arrivals will also be suspended.
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