US business leaders on a visit to Thailand are seeking opportunities, especially potential relocation of their production bases, as they manage risks stemming from the US-China trade war, director-general of the Finance Ministry’s Fiscal Policy Office Lavaron Sangsnit said on Tuesday (September 5).

US Secretary of Commerce Wilbur Ross said the suspension of tariff privileges under the Generalised System of Preferences (GSP) given to Thailand is “not a big deal” as it represents only $1.3 billion (Bt39.05 billion) of Thailand’s $4.4-billion exports under the GSP to the United States and is a small fraction of total Thai exports.