Showing 61 - 70 of 125
Tariffs not trivial
News, Postbag, Published on 06/11/2019
» Re: "US views removal of GSP perks as trivial", (Business, Nov 5).
Moody's describes GSP loss as credit-negative
Business, Published on 05/11/2019
» Thailand's loss of trade privileges with the US is credit-negative amid a challenging external environment, says Moody's Investors Service.
US views removal of GSP perks as trivial
Business, Published on 05/11/2019
» US Secretary of Commerce Wilbur Ross addressed the recent US decision to remove Generalized System of Preferences (GSP) tariff exemptions on US$1.3 billion in Thai exports on Monday, calling the amount "trivial" and affirming there is still time for negotiations before the tariffs take effect in April.
Seafood industry must walk talk
News, Published on 05/11/2019
» Recently, the Office of the United States Trade Representative (USTR) announced that the US will be suspending US$1.3 billion (39.2 billion baht) in trade preferences for Thailand under Generalised System of Preference (GSP) by April 2020. The USTR cited a failure to "adequately provide internationally recognised worker rights" in the seafood industry as the main reason for the withdrawal. Thailand now has six months to negotiate and resolve rights issues before the suspension takes effect.
‘Still time’ for Thailand to solve duty-free issue: US official
Reuters, Published on 04/11/2019
» Thailand still has time to renegotiate with the United States over a suspension of duty-free preferences on imports of Thai goods before the suspension takes effect in April, US Commerce Secretary Wilbur Ross said on Monday.
US 'open to talks' on GSP cuts
News, Post Reporters, Published on 04/11/2019
» The United States has opened the door for Thailand to pursue talks over its move to suspend benefits under the Generalised System of Preferences (GSP) for Thailand before the measure comes into effect in six months, said government spokeswoman Narumon Pinyosinwat.
Hand-wringing over tariffs
Business, Published on 04/11/2019
» The US recently stunned long-time ally Thailand by revoking trade privileges worth US$1.3 billion (39.2 billion baht) under the Generalized System of Preferences (GSP), stirring up anti-American sentiment among locals online after the latest in a string of protectionist trade policies favoured by US President Donald Trump.
Prayut asks US to reconsider trade preferences cut
Post Reporters, Published on 03/11/2019
» Thailand has asked the United States to reconsider Washington's decision to cut some Thai products from its list of low-tariff imports under the Generalized System of Preferences.
Why the West should not give up on Cambodia
News, Published on 02/11/2019
» The US and EU are considering withdrawing economic privileges from Cambodia for the way elections were held last year. The ruling party won all parliamentary seats because the opposition had been crippled. Opposition leaders were disqualified and their party dissolved. By western standards, Cambodia's election fell far short of democratic norms and the result was unfair at best, illegitimate at worst. Strangely, however, there was no widespread protest. Instead, there was a palpable sense of relief among ordinary Cambodians when the elections were over.
Trade worries take toll on equities again
Business, Published on 02/11/2019
» Recap: Despite further monetary easing by the US Federal Reserve, most Southeast Asian stock markets retreated yesterday, as investors fled risky assets after China expressed doubts over signing a comprehensive trade deal with the US.