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September 27, 2014

Thailand

Losing European Tariff Preferences

 

Because the European Union (EU) no longer classifies Thailand as a developing country, the Thai Commerce Ministry is holding seminars around the country to help exporters prepare for the ending of EU tariff preferences at the end of 2014.

 

The Ministry studied nine industries and found that frozen shrimp and fresh and frozen seafood products were among the least prepared to handle the change because competing countries, like Vietnam and Indonesia, will continue to enjoy favorable EU tariffs.

 

To become more competitive, Thailand may move some production to countries, like Cambodia, that still retain the EU tariff preferences.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  Thai Commerce Ministry Finds Shrimp Industry Not Prepared for End of EU Tariff Preference.  September 26, 2014.

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