webfact Posted October 30, 2019 Share Posted October 30, 2019 PM Prayut, economic ministers discuss US trade preferences BANGKOK (NNT) - Prime Minister and Defense Minister, Gen. Prayut Chan-o-cha, has called an urgent meeting with economic ministers on ways to deal with the United States administration’s decision to suspend trade preferences for Thailand under the Generalised System of Preferences (GSP), while claiming that all problems have solutions and can be solved. The Prime Minister chaired the meeting of the economic ministers before attending the weekly cabinet meeting at Government House. The Prime Minister yesterday instructed relevant agencies to seek measures to address the GSP issue. Deputy Prime Minister and Commerce Minster, Jurin Laksanawisit, made known at the meeting that Thailand will be able to export its products to the US but it will face import tariffs of 1.5 billion to 1.8 billion baht annually, with the GSP to be revoked in April next year. The US still has time to revise its decision. The government also assigned the Royal Thai Embassy in Washington and its labor attache to discuss the matter with the Office of the United States Trade Representative (USTR). The meeting of economic ministers today instructed the Ministry of Foreign Affairs, the Ministry of Labor and the Ministry of Commerce to seek ways to urge the US to revise its decision. Speaking of long term measures, the Ministry of Commerce has made preparations in advance according to the Joint Standing Committee on Commerce, Industry and Banking’s mechanisms. Thailand will expand into other foreign markets in an attempt to increase the value of its exports. The government will work with the private sector to export more products to the US, China, India, South Africa, Japan, South Korea, Turkey, Germany and the United Kingdom (UK) as well as countries in South Asia, the Middle East and the European Union (EU). The government will study the demands of each city or state of nations with large populations, such as India, China and the US. The Commerce Minister said today the government will try to explain to the US what Thailand can or cannot do. The Ministry of Labor will clarify the issue of allowing foreign workers to set up labour unions in Thailand, while other issues will be clarified by their respective ministries. -- © Copyright NNT 2019-10-30 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
macgver Posted October 30, 2019 Share Posted October 30, 2019 (edited) Hope that the Thai Government will not bow down to US ... Urges government not to bow to US pressure Edited October 30, 2019 by macgver 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post GeorgeCross Posted October 30, 2019 Popular Post Share Posted October 30, 2019 its ok.. 28 minutes ago, webfact said: The US still has time to revise its decision hahahaha 3 Link to comment Share on other sites More sharing options...
monkfish Posted October 30, 2019 Share Posted October 30, 2019 They could buy some more weapons to make up the difference. Link to comment Share on other sites More sharing options...
Popular Post Cadbury Posted October 30, 2019 Popular Post Share Posted October 30, 2019 34 minutes ago, webfact said: Thailand will expand into other foreign markets in an attempt to increase the value of its exports. The high Thai baht is already doing a very good job of increasing the value of it's exports to the point where it is a very negative trade factor. It will also make it difficult to expand into other countries and increase the total volume of it''s exports. 34 minutes ago, webfact said: The meeting of economic ministers today instructed the Ministry of Foreign Affairs, the Ministry of Labor and the Ministry of Commerce to seek ways to urge the US to revise its decision. As for seeking ways to have the US revise it's decision a good idea might be to try and even up the balance of trade which is way out of wack in Thailand's favour. The trade difference in 2018 was US$19.3 billion. Thailand might also get serious about human rights issues in the fishing industry PM Prayut might put and end to his tokenism and empty talk on the subject. 3 2 Link to comment Share on other sites More sharing options...
Popular Post Mavideol Posted October 30, 2019 Popular Post Share Posted October 30, 2019 35 minutes ago, webfact said: The meeting of economic ministers today instructed the Ministry of Foreign Affairs, the Ministry of Labor and the Ministry of Commerce to seek ways to urge the US to revise its decision. or maybe the other way around..... Thailand should start to revise it's overall BAD decisions 5 Link to comment Share on other sites More sharing options...
yellowboat Posted October 30, 2019 Share Posted October 30, 2019 (edited) Why not treat your labor force, foreign and domestic, with some respect, and lift some of your own gawd awful tariffs. Start with wine and cheese. ???? During junta mania, you could not have meetings of no more than five people, so it was a national security issue not to have unions. Trump will understand. 2 hours ago, webfact said: Thailand will expand into other foreign markets in an attempt to increase the value of its exports. The government will work with the private sector to export more products..... Corporate welfare at its best. They were all drinking from the US well and have now caught off guard. Shame on them for practicing poor judgment and lousy business practices. Edited October 30, 2019 by yellowboat 1 Link to comment Share on other sites More sharing options...
IAMHERE Posted October 30, 2019 Share Posted October 30, 2019 Thailand is pretty much doing very well economically; don't understand why they'd want to go hat in hand and beg for these preferences that are usually given to the poor developing nations that desperately need a helping hand. 2 Link to comment Share on other sites More sharing options...
Scot123 Posted October 30, 2019 Share Posted October 30, 2019 I've read some unbelievable stuff on here. Are use deluded? You don't need America, Thailand is doing so well. Are you mad? Thailand you are about to be Trumped. This was just a little shot across your bow, a worning shot and the big guns are already loaded. Trump is a business man so love him or hate him he is very, very good. He will know all the little dirty tricks and lies Thailand has been doing. 300%!!!!! UK and the EU will follow and as an aside you do know these countries who some think are insignificant to Thailand give Thailand billions I $£euros... 1 1 Link to comment Share on other sites More sharing options...
Thian Posted October 30, 2019 Share Posted October 30, 2019 Why did he first mention Germany and later the EU....does Germany have other rules/laws than the rest of the EU? 1 Link to comment Share on other sites More sharing options...
Eric Loh Posted October 30, 2019 Share Posted October 30, 2019 4 hours ago, webfact said: Prime Minister and Defense Minister, Gen. Prayut Chan-o-cha, has called an urgent meeting with economic ministers on ways to deal with the United States administration’ Maybe investigate whether Thailand has dirt on the Bidens. Pee pee tape could also be useful to deal with Trump. 1 Link to comment Share on other sites More sharing options...
candide Posted October 30, 2019 Share Posted October 30, 2019 9 minutes ago, Scot123 said: I've read some unbelievable stuff on here. Are use deluded? You don't need America, Thailand is doing so well. Are you mad? Thailand you are about to be Trumped. This was just a little shot across your bow, a worning shot and the big guns are already loaded. Trump is a business man so love him or hate him he is very, very good. He will know all the little dirty tricks and lies Thailand has been doing. 300%!!!!! UK and the EU will follow and as an aside you do know these countries who some think are insignificant to Thailand give Thailand billions I $£euros... There us no proof of him being very good at negotiating trade agreements, and anyway, I doubt he will be himself much involved in it. But you're right, the tone is likely to be quite pressuring. 2 Link to comment Share on other sites More sharing options...
Thian Posted October 30, 2019 Share Posted October 30, 2019 11 minutes ago, Scot123 said: I've read some unbelievable stuff on here. Are use deluded? You don't need America, Thailand is doing so well. Are you mad? Thailand you are about to be Trumped. This was just a little shot across your bow, a worning shot and the big guns are already loaded. Trump is a business man so love him or hate him he is very, very good. He will know all the little dirty tricks and lies Thailand has been doing. 300%!!!!! UK and the EU will follow and as an aside you do know these countries who some think are insignificant to Thailand give Thailand billions I $£euros... The EU is just a toddler compared to Trump. I hope they learn a lot from him, the time of being fooled by dirty tricks should be over. But the EU is planning on buying ONLY environment friendly produced products, so if the thai won't stop the burning of crops/fields that might do it. And of course slavery which is very high on their ban list. But also the EU thinks that people worldwide deserve healthy food, air and crops...Thailand doesn't care for that so that might be another point for punishment. What's the use of boycotting fossil fuels in Europe while in Thailand they still use 50 years old stinky city buses? Link to comment Share on other sites More sharing options...
Cake Monster Posted October 30, 2019 Share Posted October 30, 2019 4 hours ago, monkfish said: They could buy some more weapons to make up the difference. Or fast track the Purchase of the Boeing Planes for " Thai " Link to comment Share on other sites More sharing options...
holy cow cm Posted October 30, 2019 Share Posted October 30, 2019 I just love how this guy can walk on water. Link to comment Share on other sites More sharing options...
BuckBee Posted October 30, 2019 Share Posted October 30, 2019 (edited) Why even bother talking about it, already stated only make 0.01% loss and CP only got 1 line shrimp soup that be affected 555 . Thai officials not giving out BS information were they ! lol Buck Banana not even got the balls look him in the face . Edited October 30, 2019 by BuckBee Link to comment Share on other sites More sharing options...
hotchilli Posted October 31, 2019 Share Posted October 31, 2019 18 hours ago, webfact said: The Prime Minister yesterday instructed relevant agencies to seek measures to address the GSP issue. He's been in charge with the information of what was required to address the issue but chose to ignore it for the last 5 years... now he reacts when the consequences of his ignorance has been dealt with! Link to comment Share on other sites More sharing options...
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