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Search Result for “GSP”

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BUSINESS

Envoys urge rule reform

Business, William Hicks, Published on 20/11/2020

» Five ambassadors from developed economies met at the US ambassador's residence in Bangkok last week to call for Thailand to undergo regulatory reform, which should ease doing business, in addition to allowing fast-track access for essential business travel as the US thrashes out its political turmoil.

BUSINESS

Consumer mood brightens

Business, Phusadee Arunmas, Published on 13/11/2020

» Consumer sentiment recovered in October after falling for the first time in five months in September when concerns over political instability, a slow economic recovery and higher unemployment as a result of the pandemic were at their highest.

BUSINESS

Biden pegged as good for exports

Business, Phusadee Arunmas, Published on 10/11/2020

» Commerce Minister Jurin Laksanawisit expects Joe Biden's victory in the US presidential election to benefit rather than harm Thailand's exports, while ongoing trade spats between China and the US are likely to ease, boosting global trade sentiment.

OPINION

Smarter trade deals needed

News, Editorial, Published on 09/11/2020

» Many Thais rejoiced after Joe Biden won the US presidential election over the weekend. But certain concerns remain as the US changes its leader; in particular, challenges currently facing Thailand's international trade.

BUSINESS

US vote outcome gives big boost to emerging markets

Business, Published on 07/11/2020

» Recap: Emerging market stocks and currencies had their best weekly gains in five months as Democrat Joe Biden inched closer to winning the US presidency. But the dollar and US bond yields fell on bets that a divided US Congress would make government borrowing harder, leaving it up to the Fed to provide stimulus.

BUSINESS

GSP suspension gauged to cost $19m in losses

Business, Published on 03/11/2020

» The government insists the suspension of preferential trade benefits for certain Thai products by the US under the Generalized System of Preferences (GSP) is estimated to cause losses of only US$19 million or 600 million baht.

BUSINESS

US trade move 'won't hurt Thai exports'

News, Phusadee Arunmas, Published on 01/11/2020

» The Commerce Ministry insisted on Saturday the announcement by US President Donald Trump to suspend preferential trade benefits for 231 Thai products under the so-called Generalized System of Preferences (GSP) won't much affect Thailand's export to the US.

BUSINESS

US cuts tariff benefits for Thailand in pork dispute

Published on 31/10/2020

» Washington will eliminate some tariff benefits for Thailand, saying the country has failed to allow imports of pork from US producers, the US Trade Representative (USTR) announced on Friday.

BUSINESS

Use of FTA perks, GSP declines in first 7 months

Business, Phusadee Arunmas, Published on 27/10/2020

» The use of free trade agreement (FTA) privileges and the Generalized System of Preferences (GSP) by Thai exporters fell by 14.8% year-on-year in the first seven months of 2020, in line with the country's lower overall exports because of the pandemic.

BUSINESS

Pandemic hits trade perk use

Business, Phusadee Arunmas, Published on 19/08/2020

» The use of free trade agreement (FTA) privileges and the Generalized System of Preferences (GSP) by Thai exporters fell by 15.1% year-on-year in the first five months of 2020, moving in line with the country's lower overall exports during the coronavirus pandemic.