Thai Union Frozen Products would be forced to shift its European shrimp sales to other markets if higher tariffs are imposed on Thai shrimp exports under a revision of the European Union (EU) generalised system of preferences (GSP), its president said.
If the report is ratified -- a process currently underway -- then Thailand would effectively be out of the European market, “given the fact that all our other competing nations remain with GSP,” said Thiraphong Chansiri, president of Thai Union, one of the world’s top five shrimp exporters.
“Well,
