Respect labour rights to avert sanction
Apart from the baht getting stronger, Thai exports will suffer another big blow when the United States cuts Thailand’s duty-free trade privileges due to the poor protection of workers’ rights.
From April, the suspension of trade privileges for Thailand under the Generalised System of Preferences (GSP) will affect a wide range of products and cost the country US$1.3 billion or 39.3 billion baht.
Yongyuth Chalamwong & Ratree Prasomsup
