Business Services Industry
Exporters Eagerly Await Ending of Thai Quotas on Silk Yarn.
Knight Ridder/Tribune Business News, June, 2002
By Somporn Thapanachai, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Jun. 19--Exporters of products made of silk expect to see an upturn in their business in 2005 when Thailand is due to scrap the quota system on imports of silk yarn, complying with a commitment to the World Trade Organisation.
Currently, Thai exporters are allowed to import 1.5 kilogrammes of silk yarn if they buy one kilogramme of local yarn.
The measure is intended to protect 200,000 local silk-farming families.
Buntoon Wongseelashote of the Thai Silk Association said exporters had complained to the government, which agreed to raise the quota to two to one, as the exporters needed higher-quality imported silk in order to make top-quality...
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