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US cuts Thailand’s tariff benefits after long-running pork dispute

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US cuts Thailand’s tariff benefits after long-running pork dispute | The Thaiger
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Thailand’s duty-free privileges for US$817 million in exports with the US are to be revoked from the end of this year, according to US President Trump in an announcement yesterday. The President blamed a lack of progress in opening the Thai market to US pork products. Trump’s letter announcing the action follows more than 2 years of threats and negotiations with Thai officials over issues ranging from access to Thailand’s markets for US goods and the documented inadequate labour rights in the south east Asian nation.

Washington will now eliminate some tariff benefits for Thailand, accusing the country of failing to allow imports of pork from US producers.

US cuts Thailand's tariff benefits after long-running pork dispute | News by The Thaiger

GRAPHIC: Global pork production in 2020, by country (in 1,000 metric tonnes) – statista.com

The suspension of the Generalised System of Preferences access follows a suspension earlier this year on about $1.3 billion worth imports from Thailand, which once had such privileges for about US$4.4 billion in exports to the United States.

The US Trade Representative’s office said the list of products includes mango, pineapple, manicure kits, steel pipes and precious stones., auto parts, dried produce, tools, electrical products and aluminium kitchenware.

Writing to the House Speaker Nancy Pelosi, President Trump said… “I have determined that Thailand has not assured the United States that Thailand will provide equitable and reasonable access to its markets.”

GSP, Generalised System of Preferences, is a 70s-era program of US trade preferences for developing economies aimed at improving workers’ rights and access to broader markets.

“The US Trade Representative’s office also announced that it had closed other GSP eligibility reviews with no loss of benefits for Georgia, Indonesia and Uzbekistan. It also said new GSP reviews were opened for Eritrea based on concerns about workers’ rights.”

SOURCE: Reuters | VOANews | statista.com

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12 Comments

12 Comments

  1. Avatar

    Johnny Rambo

    October 31, 2020 at 4:17 pm

    Very good decision of the US. They should completely abolish trade with Thailand. This dictatorship has to pay for it’s isolation policies. Also tourists should boycott Thailand as soon as they reopen the borders. Lets see how long Thailand can survive without foreign.

  2. Avatar

    Toby Andrews

    October 31, 2020 at 4:41 pm

    One more Thai rip off detected and stopped.

    • Avatar

      Danny

      October 31, 2020 at 6:46 pm

      Very good decision for Thailand. China will be more than happy to buy more pork and Thailand don’t need to buy the hormones-pumped American meat.

  3. Avatar

    Gosport

    October 31, 2020 at 6:32 pm

    Not a big deal. Export to other countries.

    • Avatar

      Bobby m

      October 31, 2020 at 9:45 pm

      I am afraid it’s not that simple,

      you can not export to countries that don’t want to import from you. They are customers and will make their own choices. If they don’t want to buy your produce. Then they wont, it’s as simple as that. You don’t get to choose or insist I’m afraid.

      Trade agreements can take years to agree.

      The world is watching and at the moment, I believe they don’t like what they are seeing.

    • Avatar

      preesy chepuce

      November 1, 2020 at 1:07 am

      Like who? China?

  4. Avatar

    Bobby m

    October 31, 2020 at 9:36 pm

    And so it begins.

  5. Avatar

    Toby Andrews

    November 1, 2020 at 12:01 am

    They have the same scam with all countries.
    They export paying cheap tariffs, and import charging big tariffs.
    This has been going on for years.

    • Avatar

      Bobby m

      November 1, 2020 at 7:55 am

      As I say mate.

      And so it begins.

      Political unrest, Trade sanctions, investment restrictions and terminations. They are about to feel the reality of isolation and a failing economy. They have brought it upon themselves by failing to balance a pandemic along with an economy.

      The world is at war with a pandemic and sadly, people will get sick and people will die, but life and the economy has to go on
      Just the same as any other war.

      Common problems for a country run by a dictatorship, driven by corruption and steeped in nepotism. Lots of people in jobs they are not genuinely qualified for or have the ability to do. Hence, lots of ridiculous ideas.

  6. Avatar

    Jack

    November 1, 2020 at 11:34 am

    Um, mark my conspiracy theory in a few years… food shortages are coming. This is just part of the plan to ration food. We are heading into an ice age and life is going to very different in about 5-10 years

  7. Avatar

    Mike White

    November 2, 2020 at 9:07 pm

    Before I retired I worked maintenance hated working with black iron pipe from Thailand you’d have to reset the dies from pipe to pipe no quality control

    • Avatar

      Issan John

      November 3, 2020 at 11:40 pm

      You get what you pay for – if you want QC, pay for it.

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Caitlin Ashworth

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4 years until tourism industry gets back to pre-pandemic levels – Finance Ministry | The Thaiger

It could take 4 years for Thailand’s tourism industry to recover after being battered by the lack of travel due to the coronavirus pandemic, the government’s reaction and the economic fallout, according to the Finance Ministry.

While local and international experts project Thailand’s economy will continue to recover over the next 2 years, the tourism industry, which directly contributes 12-15% of the country’s GDP, is forecasted to take at least 4 years to get back to the pre-pandemic level, if ever. Last year, Thailand had nearly 40 million foreign tourist arrivals, generating 2 trillion baht.

Finance Minister Arkhom Termpittayapaisith says he expects 8 million foreign tourists to arrive in 2021, followed by 16 million in 2022, 32 million in 2023 and 40 million in 2024. But the projections are just broad speculation.

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SOURCE: Bangkok Post

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Economists say new local Covid-19 cases could slow tourism recovery

Caitlin Ashworth

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Economists say new local Covid-19 cases could slow tourism recovery | The Thaiger
PHOTO: Nation Thailand

Some are concerned about a potential second coronavirus outbreak after 10 Thai women tested positive for Covid-19 after returning from Myanmar’s Tachileik district. Some travelled to Bangkok and Chiang Mai after returning.

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When the pandemic started to affect the global economy in the first quarter of the year, GDP dropped by 2% year-on-year. GDP then plunged by 12.1% in the second quarter of the year, the biggest drop since the Asian financial crisis from 1997 to 1999. The economy improved in the third quarter with GDP contracting by 6.4% year-on-year.

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SOURCE: Bangkok Post

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Cabinet approves extension, upgrade of stimulus measures, welfare payments

Maya Taylor

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Cabinet approves extension, upgrade of stimulus measures, welfare payments | The Thaiger
PHOTO: Thai PBS World

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SOURCE: Bangkok Post

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