ID :
137766
Sun, 08/15/2010 - 17:30
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Shortlink :
http://m.oananews.org//node/137766
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US-Thai officials to discuss reform of GSP rules, boost bilateral trade
BANGKOK, Aug 15 (TNA) - A US Congressional delegation on Monday will discuss with senior Thai Ministry of Commerce officials on reforming the US Generalised System of Preferences (GSP) and ways to boost trade between the two countries, Commerce Minister Pornthiva Nakasai said on Sunday.
Mrs Pornthiva said the US Congressional delegates will stay in Thailand until next Sunday and Thai officials will ask them to reform GSP rules and regulations as well as asking for continued support for preferred treatment of Thai goods on certain items including automobile tyres and seasoned shrimps.
It is expected that the American officials will ask about Thailand's position under the World Trade Organization, progress in Thai government enforcement of intellectual property rights and the treatment of Thai children working in the labour force in factories, she said.
During their stay, the Congressional delegation are scheduled to visit several factories including textiles and silverware production in Bangkok and the surrounding provinces, Mrs Pornthiva said.
The US market is significant to Thai exports, and Washington has offered GSP privileges to Thai goods.
During calendar 2009, Thailand ranked second after Angola in exercising GSP privileges as its goods exported under the GSP programme were valued at US$2.89 billion.
In the first five months of 2010 Thailand exercised GSP privileges valued at US$1.42 billion, up 32 per cent from the corresponding period of last year.
Most Thai exports that enjoyed GSP privileges were silverware, radial tyres for cars, seasoned food, rubber gloves, glass lenses and air-conditioners. (MCOT online news)
Mrs Pornthiva said the US Congressional delegates will stay in Thailand until next Sunday and Thai officials will ask them to reform GSP rules and regulations as well as asking for continued support for preferred treatment of Thai goods on certain items including automobile tyres and seasoned shrimps.
It is expected that the American officials will ask about Thailand's position under the World Trade Organization, progress in Thai government enforcement of intellectual property rights and the treatment of Thai children working in the labour force in factories, she said.
During their stay, the Congressional delegation are scheduled to visit several factories including textiles and silverware production in Bangkok and the surrounding provinces, Mrs Pornthiva said.
The US market is significant to Thai exports, and Washington has offered GSP privileges to Thai goods.
During calendar 2009, Thailand ranked second after Angola in exercising GSP privileges as its goods exported under the GSP programme were valued at US$2.89 billion.
In the first five months of 2010 Thailand exercised GSP privileges valued at US$1.42 billion, up 32 per cent from the corresponding period of last year.
Most Thai exports that enjoyed GSP privileges were silverware, radial tyres for cars, seasoned food, rubber gloves, glass lenses and air-conditioners. (MCOT online news)
