Thai Exports Will Decline only 0.01% from the Suspension of GSP, Says TPSO
TPSO has stated that the duty-free trade suspension under the GSP by the U.S. will affect only 0.01% of Thai yearly exports.
TPSO has stated that the duty-free trade suspension under the GSP by the U.S. will affect only 0.01% of Thai yearly exports.
28 ต.ค. 2562

On October 27, 2019, the Trade Policy and Strategy Office (TPSO) has stated that the duty-free trade suspension under the Generalized System of Preferences (GSP) by the U.S. will affect only 0.01% of Thai yearly exports.
The U.S. stripped 573 items or 40% from a total of 1,485 items of Thai products under the GSP in 2018. This will make Thai export products to have higher cost around $50.33 million due to higher duty at an average of 4.5%, according to Ms. Pimchanok Vonkorpon, Director of TPSO.
Nevertheless, Ms. Pimchanok asserts that the aftermath to Thai exports is limited, making the trade surplus for Thai exports to the U.S. to decline around $28.8 – 32.8 million or 0.01% of the total value of Thai exports.