|
CHAMBER NEWS
GTCC - Breakfast Talk on ‘The reform of the EU GSP and Thailand’ - 7th October 2014
The German-Thai Chamber of Commerce, in partnership with the European Union Delegation in Thailand and the Embassy of the Federal Republic of Germany to Thailand, is pleased to invite you to join this GTCC breakfast talk to understand better how the EU GSP reform will impact key industries in Thailand.
Don’t miss the opportunity to learn first-hand information directly from an official representative from the Delegation of the European Union to Thailand, as well as the chance to enquire further on the topic during Q&A session.
The reform of the EU GSP
For the past decades Thailand has been one of the biggest global beneficiaries of the EU GSP granting lower import duties for goods exported from the developing world to the European Union market.
In 2010 the European Union started a process of reforming its GSP scheme to better meet global challenges of the poorest nations. The new GSP Scheme entered into force this year and, as a result, products made in Thailand will exit the scheme from 1 January 2015 and lose all preferential tariffs for roughly 6000 products. Several manufactured goods, such as automotive and parts, motor cycles, footwear, textiles and electronic, and electrical appliances exported to the EU will face higher import duties at the border as well. For instance, automotive tariffs will increase on average from 6.5% to 10%. Siam Commercial Bank research has estimated that Thailand might lose some US$ 2.2 billion worth of market share due to increased tariffs.
Time: 08.00 - 09:30
Venue: Swissôtel Nai Lert Park, Bangkok, Park AB room
[Read More]
|
