US envoy warns Thailand it may lose GSP privileges soon


Newly appointed United States Ambassador to Thailand Michael G DeSombre. - The Nation/ANN

BANGKOK (The Nation/ANN): Newly-appointed United States Ambassador to Thailand Michael G DeSombre told reporters on Wednesday (March 11) that US companies will be more comfortable after the US presidential election in November about moving their facilities out of China and into Southeast Asia.

But he warned that Thailand will likely lose a third of its trade privileges under the Generalised System of Preferences (GSP) next month because it is unwilling to change its labour laws, as Washington demands.

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Thailand , economy , US , envoy , GSP , labour ,

   

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