Thai government spokesperson says USA suspending trade benefits for some Thai products will not significantly hurt exports

Thailand-

A prominent Thai government spokesperson said earlier this week that the USA suspending trade benefits for some Thai products as part of the Generalized System of Preferences (GSP) would not significantly hurt Thai exports.

The announcement had originally been made in late October by the United States, reportedly in response to Thailand not allowing the US to have equitable and reasonable access to its markets for pork products from the US. Thailand has stated this is because some chemicals used on pork from the US are banned in Thailand. You can read the original article on this situation below:

United States to suspend trade benefits for some Thai products by end of the year

Prime Minister’s Office Spokesperson Anucha Burapachaisri, speaking to the press earlier this week, stated that the cuts, which only affect certain Thai products and not all, would not damage Thai exports significantly for several reasons.

Anucha stated several of those reasons such as introducing new markets away from the USA, a more comprehensive usage of online platforms and exploration of further deals in current markets such as Asia and greater Europe.

Exports to the USA may continue, however, some goods will now face regular import duties. The Thai government is assisting those businesses that are directly affected by providing online business matching and helping them identify emerging markets, according to Anucha.

The Ministry of Commerce stated that in 2019 trade between the USA and Thailand was valued at 48.63 billion USD, however, Anucha stood by his statement that the loss of certain privileges would not significantly alter this total.

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Adam Judd
Mr. Adam Judd is the Co-owner of TPN Media since December 2017. He is originally from Washington D.C., America, but has also lived in Dallas, Sarasota, and Portsmouth. His background is in retail sales, HR, and operations management, and has written about news and Thailand for many years. He has lived in Pattaya for over nine years as a full-time resident, is well known locally and been visiting the country as a regular visitor for over a decade. His full contact information, including office contact information, can be found on our Contact Us page below. Stories please e-mail Editor@ThePattayanews.com About Us: https://thepattayanews.com/about-us/ Contact Us: https://thepattayanews.com/contact-us/