Thai shrimp exporters fret over EU tariff hike

The loss of trade privileges for Thai shrimp exported to the European Union will affect growers and employees of related businesses — about 2 million people all up.

Somsak Paneetatyasa, president of the Thai Shrimp Association, said late last week that the tariff on Thai shrimp imported by the EU under the GSP would rise from 4.2 percent to 12 percent, as the Kingdom would now have to pay the full rate. 

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