Tags : Trade

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US agrees to consider Thailand’s request for a review of

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 Prime Minister Prayut Chan-o-cha by US National Security advisor […]Read More

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Thailand to renegotiate U.S. GSP at ASEAN Summit

BANGKOK (NNT) – Apart from resolutions to be made by ASEAN leaders at the ASEAN Summit in November, the Thai government will take the opportunity to hold talks with the U.S. regarding the decision to revoke the Generalized System of Preferences (GSP) treatment previously given to 573 Thai products. The Prime Minister Gen Prayut Chan-o-cha […]Read More

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Prayut says Thailand Has 6 Months to Discuss GSP with

BANGKOK, Oct 28 (TNA) – Thai authorities still have six months to discuss with the United States its decision to suspend tariff exemption under its Generalized System of Preferences for Thai exports, Prime Minister and Defence Minister Prayut Chan-o-cha said. Gen Prayut said that the US suspended GSP for not only Thailand but also other […]Read More

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Thai exports will suffer from GSP cut decision by US

Thai export sector suffers another blow after the US President Donald Trump on Friday announced to suspend USD1.3 billion worth of duty-free trade for certain items from Thailand, reasoning that Thailand has not taken steps to protect the labor rights. In a letter written to US House of Representatives Speaker Nancy Pelosi and the president […]Read More

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Supachai warns Thailand to prepare for a slowdown in global

THE GLOBAL economy is in dissarray with no clear direction, while the US-China trade war is having an adverse impact on investors’ confidence worldwide, warned Supachai Panitchpakdi, former director-general of the World Trade Organisation. Investors do not know where to safely invest, because the trade war could easily disrupt global supply chains, he said. Full […]Read More

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DPM Somkid says Thai economy still strong

BANGKOK, 6th July 2018 (NNT) – Deputy Prime Minister Dr. Somkid Jatusripitak insists that the Thai economy is doing well despite the emerging global trade war and capital outflows. The Deputy Prime Minister, said today that Thailand’s ample foreign reserves and solid financial foundation will shield the country’s economic growth from the impact of a […]Read More

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Thailand exports more than 3 million tons of rice in

BANGKOK, 5th May 2018 (NNT) – Regarding Thailand’s rice exports, the Department of Foreign Trade has announced an increase in the target quantity to ten million tons, having become aware that importers of rice in many countries have a constant need for rice imports. During the first four months, more than 3.3 million tons of […]Read More