Thailand to Seek U.S. Talks to Regain Scrapped Trade Benefits

Thailand will request a dialogue with the U.S. at the East Asia Summit due in November, Keerati Rushchano, the acting director general of the Dept. of Foreign Trade, said in a briefing.

• Keerati was commenting after the U.S. said it will suspend some benefits for Thailand under the so-called generalized system of preferences, which allows for the duty-free treatment of goods.
• There’s still time to talk as the suspension will take effect in six months, he said.
• Thailand can still export the products affected to the U.S. but they will incur average tax of 4.5%, which will cost at most ...