Post by account_disabled on Dec 29, 2023 23:05:35 GMT -8
'EIC' points out that the US cutting GSP rights has less impact on Thai exports than the strong baht. 750x422_852738_1572440308 Economic Intelligence Center (EIC) Siam Commercial Bank It is stated that there are products whose GSP rights have been revoked, accounting for only 0.5% of Thailand's total exports. It is expected that the impact on the Thai export sector will be 0.01% of the total export value. After last October 25th The Office of the United States Trade Representative (USTR) has announced plans to cancel preferential tariffs under the Generalized System of Preferences (GSP) with Thailand, covering approximately USD 1.3 billion in trade. The reason why Thailand has not taken steps to bring labor rights issues in line with international standards is that.
The Economic Intelligence Center (EIC) team at Siam Commercial Bank Public Company Limited has Buy Bulk SMS Service assessed the impact on Thai businesses, stating that products whose GSP rights have been revoked accounted for 4.1% of the value of exports to the United States. or accounting for only 0.5% of Thailand's total exports Important export products that are at high risk of being affected are sanitary ware, plastic pellets, food (bean products, pasta, crab meat) and jewelry (gold necklaces and gemstones). If GSP rights are cut, export products Exporting Thai goods to the United States Those in the disqualified category will be charged additional taxes on average. (weighted) at 3.9%, which EIC estimates that the impact on the Thai export sector will be 0.01% of the total export value.
In the said report, it was further explained that Looking at the amount of trade benefiting from US GSP, the countries that benefited the most in 2018 included India, Thailand, Brazil, Indonesia and Turkey, with India and Turkey having had their GSP cut off since March. Thailand will inevitably become the target of the United States' attention. from a surplus with the United States ranked among the top 25 countries And there have also been complaints from the US private sector. Thailand's GSP rights have been cut by the National Pork Producers Council (NPPC) because Thailand has restricted the opening of the US market for pork and pork offal. due to concerns about contamination with the red meat accelerator ractopamine 157243989490 Cutting GSP rights affects 0.01% of exports. In this regard, the US official A period of 6 months has been set before the GSP cutoff, which will officially come into effect on April 25, 2020. "EIC" assesses that the impact of the GSP cutoff on overall exports is limited. It affects approximately 0.01% of total exports.
The Economic Intelligence Center (EIC) team at Siam Commercial Bank Public Company Limited has Buy Bulk SMS Service assessed the impact on Thai businesses, stating that products whose GSP rights have been revoked accounted for 4.1% of the value of exports to the United States. or accounting for only 0.5% of Thailand's total exports Important export products that are at high risk of being affected are sanitary ware, plastic pellets, food (bean products, pasta, crab meat) and jewelry (gold necklaces and gemstones). If GSP rights are cut, export products Exporting Thai goods to the United States Those in the disqualified category will be charged additional taxes on average. (weighted) at 3.9%, which EIC estimates that the impact on the Thai export sector will be 0.01% of the total export value.
In the said report, it was further explained that Looking at the amount of trade benefiting from US GSP, the countries that benefited the most in 2018 included India, Thailand, Brazil, Indonesia and Turkey, with India and Turkey having had their GSP cut off since March. Thailand will inevitably become the target of the United States' attention. from a surplus with the United States ranked among the top 25 countries And there have also been complaints from the US private sector. Thailand's GSP rights have been cut by the National Pork Producers Council (NPPC) because Thailand has restricted the opening of the US market for pork and pork offal. due to concerns about contamination with the red meat accelerator ractopamine 157243989490 Cutting GSP rights affects 0.01% of exports. In this regard, the US official A period of 6 months has been set before the GSP cutoff, which will officially come into effect on April 25, 2020. "EIC" assesses that the impact of the GSP cutoff on overall exports is limited. It affects approximately 0.01% of total exports.