IN BRIEF
US offers shrimp deal to avoid WTO
The US has said it will revise down or waive the continuous bond (C-bond) on Thai frozen shrimp if the Thai government agrees to withdraw its complaint of unfair trade practice with the World Trade Organisation (WTO).
Apiradi Tantraporn, director-general of the Trade Negotiations Department, said yesterday that Thailand was still insisting the WTO consider the complaint. In the latest negotiations, the US insisted on carrying on with its C-bond. But it has offered to revise the measure by allowing importers to submit financial documents to the US Commerce Department. The US also bargained to reduce the C-bond guarantee or waive it if Thailand withdrew its WTO case. - The Nation.
Oil-seed pilot plan Crop Pro Co Ltd has teamed up with the Agricultural Land Reform Office to encourage farmers in Nakhon Ratchasima, Khon Kaen, Loei and Chiang Mai to grow Camelina sativa - an oil-seed plant used for producing alternative energy - as part of a pilot project. Komdej Chaveewong, the president of Crop Pro, said the plant would initially be gown on 10,000 rai of land under the government's reform programme. The company said it would guarantee a price of Bt7 per kilogram. - The Nation.
Srithai to up prices Srithai Superware Plc is preparing to raise its prices next month following the increase in the cost of plastic pellets. Chairman Sanan Angubolkul said melamine product prices in June increased 3 to 5 per cent, on top of the 5-10-per-cent increase earlier in the year. - The Nation.
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