Thailand Nixes Wine Import Tariff

Thailand last month eliminated import duties and reduced its excise tax for wine, USDA’s Foreign Agricultural Service said in a March 5 report. The change allows U.S. wine exports to enter Thailand duty free as of Feb. 23, which is expected to reduce the Thai retail price of American wine by about 35%-40%, USDA said. The agency said Thailand imported $132 million worth of wine in 2023, and 8% came from the U.S.