Commerce Min. to penetrate U.S. export market

[webfact]

Commerce Min. to penetrate U.S. export market

BANGKOK, 13 July 2015, (NNT) - The Ministry of Commerce has urged Thai exporters to take full advantage of the extension of the Generalized System of Preferences (GSP) privilege by the US for another 4 years and 5 months . The renewed program will expire at the end of 2017.

According to the Director-General of the Department of International Trade Promotion (DITP), Nantawan Sakuntanaga, the GSP gives Thailand an edge over major competitors, particularly China, who have to pay excise tax at higher rates. She strongly suggested that Thai exporters, especially SME operators, make the most of the generalized scheme while it lasts.

Goods in demand in the U.S. include auto parts, para rubber & latex, electrical appliances & parts, frozen food, canned food, processed food, and gems & jewelry.

Thailand's exports to the U.S. during the first 5 months of this year amounted to 9.8 billion U.S. dollars, or 319.5 billion baht. The country aims to achieve a 3.1 percent export growth this year. Export to the U.S. in May grew by 0.4 percent. Its export value to the US last year was worth 23.8 billion U.S. Dollars, an increase of 4.1 percent from that of the year before.

-- NNT 2015-07-13

[worgeordie]

Should that not read IMPORT MARKET ?, if they cannot get the small things

right,what hope.

regards Worgeordie

[halloween]

The last Commerce Minister was much more interested in penetrating the local market, in more ways than one.

[docshock13]

Who is supplying the lube?

[ramrod711]

According to the Director-General of the Department of International Trade Promotion (DITP), Nantawan Sakuntanaga, the GSP gives Thailand an edge over major competitors, particularly China, who have to pay excise tax at higher rates. Isn't the modern way for China to purchase Thai companies, or register companies in Thailand, to take advantage of the more favorable trade relationship with the U S A?

[Fat Haggis]

If there was a market for bullshit Thailand would be the leading exporter!!

[Eric Loh]

GSP is a privilege extended with conditions that include political and economic reforms. The junta shouldnt be too cocky especially the junta leaders in critizing US and should follow the election roadmap diligently or this GSP door can slammed right on their faces.

[chainarong]

If the commerce Min is to penetrate US Exports , what the hell is China going to do about that , they are whinging about OZ holding joint exercises and playing war games in the Nth of OZ with the US, Japan and the rest of the five eye's, China might just penetrate the Thai market , then Thailand will be F!!!!!.

[halloween]

GSP is a privilege extended with conditions that include political and economic reforms. The junta shouldnt be too cocky especially the junta leaders in critizing US and should follow the election roadmap diligently or this GSP door can slammed right on their faces.

Surely having a Commerce Minister who is NOT a criminal, appointed by his criminal boss to help him steal from the nation, is an economic reform.

Or do you think the US believed the G2G scam was genuine?