Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs

EU import ban to cost $1m to Thailand: Minister

byCustoms Today Report
25/04/2015
in International Customs, Thailand
Share on FacebookShare on Twitter

You might also like

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

07/03/2026

Shippers see temporary lull in exports

05/02/2020

BANGKOK: Thailand warned it risked losing nearly US$1 billion (S$1.35 billion) a year if the European Union makes good on a threat to ban fish imports from the kingdom unless it does more to halt illegal fishing.
The world’s third largest seafood producer was left red-faced Tuesday when Brussels issued it with a ‘yellow card’ for failing to clamp down on illegal fishing, saying fisheries monitoring, controls and punishments were inadequate and had to be brought up to international standards.
A ‘red card’ and eventual import ban of fish would follow if the kingdom failed to clean up its fishing industry within six months, the EU Commission warned.
Thai Agriculture Minister, Petipong Puengbun Na Ayudhya, told media that a ban could cost the country up to 30 billion baht (S$1.25 billion) a year in European sales – a shortfall the economically shaky nation can ill afford.
“I am confident that our private sector, fishermen and our fisheries operators are aware that if we fail to solve this problem our fishing industries will be faced with several problems,” he said.
Thailand’s fishing industry accounts for 40 per cent of the country’s food exports and is a mainstay of the economy. Its prawn industry is the world’s largest.
But its image has been battered by allegations of ships using human trafficking victims and slave labour, as well as taking illegal catches – practices critics say successive governments have turned a blind eye to.
Thailand’s junta, which took over last May in a coup and has vowed to kickstart the kingdom’s flagging economy, has said it is determined to combat illegal fishing, including a plan to role out widespread GPS devices on fishing vessels.
Petipong said he was confident Bangkok would meet the EU’s six month deadline, adding that the country’s rubber stamp parliament had already passed a new bill giving greater powers to harbour and labour officials to monitor trawlers.
But the bill will not become law for another 60 days, something Petipong said the junta might need to fast track if needs be.
“I think we can beat the 180-day deadline,” he said.
In June the US State Department downgraded Thailand to its lowest ranking in a report on human trafficking, highlighting abuses in the fisheries industry among others.

Related Stories

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

byCT Report
07/03/2026

KARACHI: Pakistan’s Islamic banking sector expanded during 2025, increasing its share in the country’s financial system with assets reaching nearly...

Shippers see temporary lull in exports

byadmin
05/02/2020

Shippers expect the coronavirus outbreak to have the greatest effect on farm product exports, notably fresh fruits and vegetables, with...

Toyota Motor Corp. employees work on the Crown vehicle production line at the company's Motomachi plant in Toyota City, Aichi, Japan, on Thursday, July 26, 2018. Toyota may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief. Photographer: Shiho Fukada/Bloomberg

Toyota SA to invest over R4 billion in car assembly and parts

byadmin
05/02/2020

Toyota SA Motors (TSAM) has announced a R4.28bn investment in local vehicle assembly and parts supply. Speaking at the company’s...

Over 80 Kilos Cocaine Found On Dutch Plane In Argentina; Three Dutch Arrested

byadmin
05/02/2020

More than 80 kilograms of cocaine was found on a Martinair Cargo plane in Argentina. Seven men, three of whom...

Next Post

Kuwait's Gulf Bank Q1 net profit jumps 12% to KD9.8m

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.