Thailand: Thailand Eliminates Tariffs and Reduces Excise Taxes for Wine

From February 23, 2024, U.S. wines can access the Thai market duty-free and with lower excise taxes. Post estimates that this tariff/tax restructuring will reduce the retail price of U.S. wine by 35-40 percent. In 2023, Thailand imported $132 million worth of wine, of which 8 percent came from the United States.