Post by account_disabled on Jan 1, 2024 4:26:56 GMT
"Commerce" is preparing to use the opportunity to chair the ASEAN Summit in November to negotiate with the United States to reinstate GSP rights. Emphasize that we will talk with reason and results. Do not focus on trade retaliation Ready to state that it is not related to the ban on 3 toxic substances because the United States informed it before cutting Thailand's GSP in late October or early November. Revealing the deprivation of rights It does not cause a loss of 40 billion in export value. Thailand can still export normally. Just pay higher taxes. The value is not more than 1.8 billion baht, said Mr. Keerati Ratchano, Acting Director-General of the Department of Foreign Trade. Revealing the case in which the United States Announcement of temporary suspension of the granting of preferential tariffs (GSP) to Thai products. and will be effective in the next 6 months.
Ministry of Commerce will accelerate negotiations with the United States to request Country Email List reinstatement of rights as soon as possible and Thailand will not take retaliatory trade measures back. But we will talk with reason. in order to achieve positive results for the country It is expected to discuss with the United States. During Thailand's hosting of the ASEAN Summit in November 2019, because the United States will travel to attend the meeting with ASEAN. Including using other negotiation platforms. This may involve arranging a group to negotiate with the US Trade Representative's office. (USTR) or invite USTR to come and talk in Thailand. or using the forum under the framework of the Thailand-US Trade and Investment Agreement (TIFA) to discuss as well . The disqualification of Thai products has a total of 573 items, but this does not mean that Thailand cannot export such products to the United States.
Thailand will lose the value of receiving rights in total of 40,000 million baht and Thailand can still export as before. Only products from Thailand must pay import tax at the normal rate (MFN Rate), averaging 4.5%, with a value not exceeding 1,800 million baht, from previously not paying tax at all. For important products whose rights will be suspended, such as motorcycles, eyeglasses, machinery Electrical equipment, plastic and items made from plastic, prepared food, chemicals, equipment made of iron or steel, copper, ceramic products, jewelry, etc. The product group that is charged the highest tax rate is tableware. and ceramic kitchenware at 26%. The products that are charged the lowest tax rate are chemicals at 0.1%, Mr. Keerati said. The granting of GSP rights is a unilateral grant by the United States.
Ministry of Commerce will accelerate negotiations with the United States to request Country Email List reinstatement of rights as soon as possible and Thailand will not take retaliatory trade measures back. But we will talk with reason. in order to achieve positive results for the country It is expected to discuss with the United States. During Thailand's hosting of the ASEAN Summit in November 2019, because the United States will travel to attend the meeting with ASEAN. Including using other negotiation platforms. This may involve arranging a group to negotiate with the US Trade Representative's office. (USTR) or invite USTR to come and talk in Thailand. or using the forum under the framework of the Thailand-US Trade and Investment Agreement (TIFA) to discuss as well . The disqualification of Thai products has a total of 573 items, but this does not mean that Thailand cannot export such products to the United States.
Thailand will lose the value of receiving rights in total of 40,000 million baht and Thailand can still export as before. Only products from Thailand must pay import tax at the normal rate (MFN Rate), averaging 4.5%, with a value not exceeding 1,800 million baht, from previously not paying tax at all. For important products whose rights will be suspended, such as motorcycles, eyeglasses, machinery Electrical equipment, plastic and items made from plastic, prepared food, chemicals, equipment made of iron or steel, copper, ceramic products, jewelry, etc. The product group that is charged the highest tax rate is tableware. and ceramic kitchenware at 26%. The products that are charged the lowest tax rate are chemicals at 0.1%, Mr. Keerati said. The granting of GSP rights is a unilateral grant by the United States.