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 Uncategorized

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

byCustoms Today Report
24/04/2015
in Uncategorized
Share on FacebookShare on Twitter

You might also like

Pakistan to get $3b loan from Islamic Trade Financing Corporation

20/10/2024

Lahore I&I & Enforcement anti-smuggling operations achieve record success in early FY 2024-25

10/09/2024

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.

Tags: fish importsUS$1 billion (S$1.35 billion)world's third largest seafood

Related Stories

Pakistan to get $3b loan from Islamic Trade Financing Corporation

byCT Report
20/10/2024

ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...

Lahore I&I & Enforcement anti-smuggling operations achieve record success in early FY 2024-25

byCT Report
10/09/2024

LAHORE:  Regional Directorate of Customs Intelligence & Investigation has demonstrated exceptional performance in the first two months of the fiscal...

ICCI and CDA to join hands for tree plantation drive in Capital

byQaisar Mansoor
09/08/2023

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) in collaboration with the Capital Development Authority (CDA) would jointly launch a...

Customs Officials Yawar Abbas & Tariq Mehmood kidnapped in Karachi

byCT Report
08/07/2023

KARACHI: Customs Intelligence Officer Yawar Abbas and Customs Preventive Officer Tariq Mehmood who were working against smuggling were kidnapped by...

Next Post

Indian rupee declines 3 month low against US dollar

  • 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.