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“Trade” Helps Private Sector Cope With US, Suspends GSP Duties, Thai Products
On October 31, 2020 at 3:45 p.m.
The Commerce Ministry reveals that the United States cuts GSP duties for 231 additional Thai products, claiming that Thailand does not open the market for US pork. With the use of red meat accelerators Along with the establishment of measures to support private impact Adjust the accelerator to compete on the quality scale
Mr. Kirati Rachano, Director General of the Department of Foreign Trade revealed that he was notified by the Foreign Relations Office in Washington about the announcement of the President of the United States. (Presidential Proclamation) on the results of the disqualification of the US GSP, this time a review of the country’s practice on the opening of the market for products and services, the question of the opening of the market for pork and Their derivatives.
Because the United States That the opening of the market for Thai products Not to an equal and reasonable level Although Thailand continues to explain the impacts on public health and sanitation. Effective December 30, 2020
There are 231 items that were disqualified, 147 items of which were effectively exercised in 2019, with an import value of approximately USD 604 million. It is a tax that must be returned at a normal rate of approximately US $ 19 million. There are affected products such as automotive equipment, parts and components. Car steering wheel, car wheels, gearbox, frame structure, plastic cups, chemicals, fluorine salt Rubber or plastic mattresses and mattresses Tubes and pipes are made of vulcanized rubber. Aluminum foil, etc.
Mr. Kirati added that the GSP subsidies were unilateral by the United States. In the past, Thailand and the United States There have been discussions on this topic throughout the TIFA (Trade and Investment Framework Agreement) forum. Ministry of Commerce The United States Trade Representative (USTR) stands ready to accelerate cooperation with the United States if Thailand finds a common solution in this regard. Because the GSP right will help Thai exporters and US importers It can reduce the tax burden Which will benefit the economies of both countries
At the same time, the Ministry of Commerce has prepared measures to deal with the effects of the suspension of duties. To assist Thai entrepreneurs Initial planning of a variety of marketing promotion activities, such as Online Business Matching for products that are in demand in the US and new markets, organizing activities to promote Thai products at US trade shows. USA and new markets, promotion of Thai products on the online platform. Allow Thai entrepreneurs to use cross-border e-commerce channels to enter consumers into the US market. And direct new markets That the Ministry of Commerce discussed And I have always understood with the private sector Prepare to receive support and focus on marketing strategies that focus on product quality rather than price competition.
Traders can request additional information, including information on impacts, via the LINE app account called “GSP_helper” or the 1385 hotline, including the Department of Foreign Trade website. www.dft.go.th
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