The Ministry of Commerce reveals that the exercise of FTA rights, exports soared 71.79% to reach 5,399.38 million dollars amid the global economic crisis.

Ron Ron Poonphiphat, Director-General of the Department of Foreign Trade. The Ministry of Commerce revealed that the use of trade privileges for exports under the Free Trade Agreement (FTA) in January 2023 amounted to 12, with a total value of $ 5,399.38 million, with the exercise ratio as high as 71.79. % important products with exercise value High in many frameworks, including vehicles for transporting goods with a total vehicle weight of no more than 5 tons (ASEAN framework), cassava, synthetic rubber products mixed with natural rubber, fresh durian (ASEAN-China framework), cars and other vehicles. (with diesel engine) or semi-diesel) and passenger vehicles with a cylinder capacity of more than 2,500 cubic centimeters (Thai-Australian frame), etc.

However, the FTA with the highest exercise value of 5 is No. 1 ASEAN Free Trade Agreement ($2,081.46 million) with 68.74% exercise ratio, most of which is export exercise to Indonesia. The highest value was $618.32 million, Malaysia $508.66 million, Vietnam $428.99 million, and the Philippines $317.12 million. (Weighing less than 5 tons), sugar, vehicles for transporting people (1,500-3,000 c.c.), and petroleum and mineral oils. other bituminous etc.

Ranked 2, the ASEAN-China Free Trade Agreement (ACFTA) ($1,208.83 million), with a 78.53% exercise ratio, with important products with a high exercise value and expansion of the exercise, such as Cassava, synthetic rubber products mixed with natural rubber, fresh durian, other fresh fruits (longan, lychee, rambutan, etc.) and starch made from cassava, etc.

Third place is the Thai-Australia Free Trade Agreement (TAFTA) ($ 487.23 million), with a 72.97% exercise ratio, with important products with high exercise value and expansion of exercise, such as cars. Other vehicles (with diesel engine) or semi-diesel) passenger vehicles of 2,500 c.c. or more and 1,000-1,500 c.c. and flavored tuna, etc.

Ranked 4, the Thailand-Japan Economic Partnership Agreement (JTEPA) ($ 487.12 million), with a 75.05% exercise ratio, with important products with a high exercise value and expansion of exercise, such as chicken meat. and flavored chicken offal frozen chicken meat dextrin and modified starch and plastic sacks and bags, etc.

Ranked 5 is the ASEAN-India Free Trade Agreement (AIFTA) ($400.37 million), with a 70.65% exercise ratio, with important products with high exercise value and expansion of exercise, such as compounds. Other organic organoins, copper wire, polymers of vinyl chloride or of halogenated olefins. in a primary manner, etc.

In addition, the right to According to other framework agreements, including the ASEAN-Korea Free Trade Agreement (AKFTA) ($276.92 million), with a 62.92% exercise ratio and the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) exports to Australia ($246.23 million), with a 36.88% exercise ratio.

For the RCEP agreement, exports to nine countries are Japan, China, Korea, Australia, Singapore, New Zealand, Malaysia, Vietnam and Indonesia. With a total exercise value of $ 97.04 million, an increase of 1,039% compared to January 2022, when the RCEP agreement began to be enforced, with important export products under the RCEP agreement such as lubricants. cassava strips canned tuna, spark plugs, flock, textile powder and milnap, etc.

By utilizing the above privileges, information is under 12 FTAs ​​out of 14 existing agreements, namely the ASEAN Free Trade Area (AFTA), the Thailand-Australia Free Trade Agreement (TAFTA), the Agreement to Establish a Free Trade Area. ASEAN-Australia-New Zealand (AANZFTA) Thailand-Japan Economic Partnership Agreement (JTEPA) ASEAN-Japan Economic Partnership Agreement (AJCEP) ASEAN-China Free Trade Agreement (ACFTA) ASEAN-Republic of Korea Free Trade Agreement (AKFTA) Thailand-Chile Free Trade Agreement (TCFTA) Thailand-Peru Closer Economic Partnership Agreement (TPPCEP) Thailand-India Free Trade Agreement (TIFTA) ASEAN Free Trade Agreement – India (AIFTA) and includes the RCEP Agreement, which is Thailand’s latest agreement that came into effect on January 1, 2022, which is now in effect with almost all trading partners. The above information does not include the ASEAN-Hong Kong Free Trade Agreement. that the import duty is zero on all items and the Thailand-New Zealand Closer Economic Partnership Agreement (TNZCEP), which uses an exporter’s self-certification system. (self-declaration)

However, if entrepreneurs have questions about the use of trade privileges, they can search for information at the Department of Foreign Trade website. www.dft.go.th Or call the hotline 1385, including the account name application line. “@gsp_helper”

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.