Thailand To Find New Markets For GSP-Suspended Products



News Dakota

Thailand announced this week that it will look to find new markets for products that are to lose benefits under the U.S. Generalized System of Preferences (GSP). In October, the Office of the U.S. Trade Representative announced that it would be suspending $1.3 billion in trade preferences for Thailand under the GSP in April 2020, based on the country’s failure to adequately provide internationally recognized worker rights. The GSP provides preferential duty-free treatment for thousands of products to bolder the economies of developing nations. In addition, the U.S. government has been negotiating full market access of U.S. pork and pork products. Currently, Thailand has a de facto ban on U.S. pork. NPPC believes the country should eliminate its de facto ban, allowing all U.S. pork and pork products to have full access.


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