Does US really care about Thai workers … or is it America First?
US commerce secretary Wilbur Ross on Monday wrapped up his two-day visit to Bangkok by assuring his hosts that Washington was open to negotiations over its decision to suspend the duty-free status of Thai imports.After a meeting with Prime Minister Prayuth Chan-ocha, Ross told a ...
Jitsiree Thongnoi
US agrees to consider Thailand’s request for a review of GSP cuts
The United States has agreed to consider Thailand’s request for a review of the suspension of trade preferences for Thai exports, under the Generalized System of Preferences (GSP) program, in order to mitigate the impacts on the Thai private sector.The US move was conveyed to ...
Thailand Seeks US Talks After Trade Privileges Loss
Thailand plans to seek talks with the United States on a decision to end preferential trade privileges on a range of Thai exports including seafood, officials said Monday.Keerati Rushchano, acting director-general of the Commerce Ministry’s Foreign Trade Department, said his office has been warning exporters ...
Associated Press
Trump’s GSP seafood cut gives Thailand 2020 GDP an early whack
The struggling Thailand economy received an unexpected whack for the year ahead yesterday (Oct 26) when US President Donald Trump suspended $1.3 billion worth of duty-free trade for Thai items, including seafood, under the Generalized System of Preferences (GSP) programme.Keep reading ...
John Le Fevre
Thai Government claims GSP move by US unrelated to chemicals ban
Prime Minister Prayut Chan-o-cha became aware of the US plan to suspend US$D1.3 billion in trade preferences for Thailand, under the Generalized System of Preferences program, about a month ago and says the US action is not related to Thailand’s banning of paraquat, glyphosate and ...
Thailand seeks clarity on scrapping of US trade preferences
Thai government and business leaders are seeking clarification from the United States about the planned suspension of $1.3 billion (39.2 billion baht) in trade preferences, ostensibly because of failure to curb labour abuses in the fishery industry.The suspension, to take effect on April 25, will ...
Bangkok Post Reporter
Many Thai products to lose GSP privileges in the US
Thailand’s Department of Foreign Trade will announce on Monday the details of its suspension of duty-free treatment for some Thai products under the Generalised System of Preferences (GSP).This follows US suspension on Friday of such preferred treatment for Thai products worth around US$1.3 billion, citing ...
The Nation Reporter
Exports improve as Thai exporters adapt to the situation
In September, Thailand’s exports contracted 1.4 per cent year on year to US$20.481 billion (Bt319.88 billion), while imports contracted 4.2 per cent year on year to $19.206 billion, resulting in a trade surplus of $1.275 billion.Exports during the first nine months of this year dropped ...
The Nation Reporter
Commerce Ministry sets 4 clear strategies to boost export market
The Commerce Ministry has come up with four strategies to boost export next year, including plans to expand existing major markets, namely the US, European Union, Japan, China and Asean.Somdej Susomboon, acting director-general of the Commerce Ministry’s Department of International Trade Promotion, said the second ...
The Nation Reporter
Latest RCEP meeting 'very fruitful', says government
The 28th round of negotiations on the Regional Comprehensive Economic Partnership (RCEP) in Da Nang, Vietnam on Sept 19-27 were very fruitful and led to the conclusion of 13 of the 20 chapters in the proposed free trade agreement, the Commerce Ministry said yesterday.Keep reading ...
Phusadee Arunmas & Thana Boonlert
