Monday, 09 December 2019 13:22

US to suspend trade preferences for Thai seafood

US President Donald Trump has decided to suspend trade preferences for Thailand's seafood industry following the country’s failure to improve worker rights amid allegations of the use of slave labour and trafficking among its migrant workforce. All Thai seafood products will lose their eligibility for duty-free imports under the US Generalized System of Preferences (GSP) programme, which is estimated to be worth USD 1.3 billion, according to Bloomberg News, due to longstanding workers’ rights issues in the seafood and shipping industries. The suspension will be implemented at the end of April 2020. Other items losing duty-free preferences include fruits and vegetables, garment products and electrical appliances.