Washington's GSP reinstatement likely to shore up Thai exports, ministry says
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The Commerce Ministry is confident in its export-growth target of 1.2 per cent for this year now that the United States is again granting tax privileges to 127 countries including Thailand under its extension of the Generalised System of Preferences.
“Even though Greece’s debt crisis could cause lower import demand from the European Union, the regaining of GSP should help promote Thai shipments, as the US accounts for 11.1 per cent of the country’s total exports,” Commerce Minister Chatchai Sarikulya said Wednesday.
