US Ag Exports to Thailand to Face 'Marginal' Impacts Despite RCEP, USDA Says
Although Thailand is one of more than a dozen countries that will benefit from reduced tariffs under the Regional Comprehensive Economic Partnership, the deal will have only a “marginal” impact on U.S. agricultural exports to that nation, the U.S. Department…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
of Agriculture Foreign Agricultural Service said in a Dec. 2 report. USDA said most of Thailand’s “major” commodity imports from the U.S., such as wheat and raw cotton, will be minimally affected. The RCEP eliminated duties among member states for imports of “distillers dried grains with solubles (DDGS),” but U.S. exports of DDGS will be unaffected because most RCEP members are net importers of DDGS, the USDA said. U.S. fish exporters are also unlikely to be affected because “the products that will see the immediate elimination of tariffs [under RCEP] already have a low tariff rate” of 5% for imports from the U.S., the report said.