Rising Export Costs for Thai Businesses
Thai businesses will face direct impacts on export costs as affected products must bear additional carbon certificate expenses.
Simultaneously, competitive structures in European markets will undergo inevitable adjustments, whilst supply chains will face increased scrutiny requiring production processes to meet enhanced EU environmental standards.
Consequently, clean technology with low carbon emissions will gain pricing advantages in maintaining market competitiveness.
Thai international traders must adapt to preserve their competitive edge, particularly in affected industrial product categories.
Whilst CBAM may be perceived as a trade barrier, it simultaneously presents a significant opportunity for Thai businesses to upgrade production standards in alignment with global market trends.
Proactive implementation and timely long-term planning could enable Thailand to sustainably maintain this valuable export market.
The Thailand Greenhouse Gas Management Organization (TGO), operating under the Ministry of Natural Resources and Environment, serves as the primary authority for issuing carbon certificates for products and organisations according to international standards.
TGO supports Thai businesses in transitioning to a low-carbon economy through training and consultancy services, developing appropriate carbon reduction frameworks for various export industries.
Exporters should consider monitoring developments and adaptation opportunities from TGO to ensure timely adjustment and sustainable competitiveness in global markets.
Source: Department of International Trade Promotion