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Thai Government claims GSP move by US unrelated to chemicals ban

Thai Government claims GSP move by US unrelated to chemicals ban

14 Sept 02:13 Key points summarised by AI
  • Thai Prime Minister Prayut Chan-o-cha asserts that the US decision to suspend $1.3 billion in trade preferences (GSP) is unrelated to Thailand's recent ban on three hazardous farm chemicals.
  • Government spokeswoman Narumon Pinyosinwat reiterated that the US Secretary of Commerce had previously raised the GSP issue, affirming its disconnection from the chemical ban.
  • Pheu Thai deputy spokesperson Sunisa Thivakorndamrong countered, blaming the Thai government for failing to protect labor rights in line with International Labour Organization standards.
  • Sunisa explained that while the GSP suspension means higher taxes and reduced competitiveness for Thai products, the estimated 40 billion baht impact is minimal compared to Thailand's 378 billion baht trade surplus with the US.
  • The opposition also suggested that the Thai government can still negotiate with the US to resolve the trade issue without damaging bilateral relations.
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