Bangkok, July 9 -- Financial and banking experts in Thailand have warned that the US's proposed 36% tariff on Thai goods is likely to severely undermine Thailand's export competitiveness. Kobsak Pootrakool, senior executive vice-president of Bangkok Bank said that the best outcome Thailand can likely secure in trade negotiations with the US is a tariff rate of 20-25%. If the final rate is higher, such as the proposed 36%, it would severely disadvantage Thai exporters and make it extremely difficult for them to compete in international markets, said Kobsak. The US accounts for 18% of Thailand's exports. If the 36% rate is implemented, exports to the US could fall to 10% of the total, weakening bilateral trade relations over the long term, he...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.