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Published on December 13, 2007

At a seminar called "Safeguard Measures: Thai Industries' Protection" organised by the Foreign Trade Department, Commerce Minister Krirk-krai Jirapaet yesterday suggested companies create a safety net to protect their industries from non-tariff trading.

Safeguard measures aim to prevent price dumping, put quotas on imports and create conditions to ensure that domestic industries will not be hit by the free flow of goods.

The National Legislative Assembly has recently approved the Safeguard Bill's endorsement. The law will be implemented by February.

However, Krirk-krai said the act would not be permanently used to protect industry as it would expire within 10 years of implementation. Exporters must learn to adapt to trade liberalisation.

Apiradi Tantraporn, director-general of the Foreign Trade Department, said companies must urgently prepare information about their industries if they were affected by free-trade pacts.

Petchanet Pratruangkrai

The Nation