Thai durian products flock to use FTA rights to export to China continue to do well

Nonthaburi, July 10 - The Department of Foreign Trade reveals the number of benefits from the FTA agreement in January-April of 2023 with a total value of US $ 25,831.09 million. The number 1 product on the podium is fresh durian, using the rights, exports to China increased 85.31%, for ASEAN still dominates the market with rights. export the most Followed by ASEAN-China, Thailand-Japan, Thailand-Australia. ASEAN-India And under the framework of RCEP, the total exercise value is US$ 421.99 million.

Ron Ron Poonphiphat, Director-General of the Department of Foreign Trade. Revealed the use of trade privileges for exports under the Free Trade Agreement (FTA) in January-April 2023, amounting to 12 copies, with a total value of US$ 25,831.09 million. Accounting for the exercise ratio of up to 74.75%, with fresh durian being the number 1 product with FTA rights being exported to China under the ASEAN-China Free Trade Agreement. worth up to 2,022.84 million US dollars An increase of 85.31% compared to the same period last year (value 1,091. 57 million USD) based on increased productivity and popularity. Including continuously raising awareness for entrepreneurs. The Department of Foreign Trade has visited the area to reach Thai entrepreneurs in various regions. Let them know the benefits of exercising FTA rights, especially fresh durian exported to China will be entitled to 0% import duty exemption under the ASEAN-China Free Trade Agreement. and the RCEP framework agreement This is considered to help reduce costs for Thai entrepreneurs as well.

For the FTA framework with the highest exercise value, the top 5 are the first place, the ASEAN Free Trade Agreement (value of US$ 9,451.21 million), with the exercise ratio of 73.35%, which is the highest exercise of export rights to Indonesia. worth $ 2,553.09 million, Malaysia worth $ 2,227.59 million Vietnam worth US$ 2,157.04 million and the Philippines worth $ 1,577.44 million. For important products with a high usage value and the expansion of the usage of the license, such as vehicles for the transportation of goods (weight up to 5 tons) sugar air conditioning Vehicles for transporting people (1,500 – 3,000 cc), petroleum and bituminous oil, etc.

Ranked 2, the ASEAN-China Free Trade Agreement (ACFTA) (valued at $ 7,850.90 million), with a 92.40% exercise ratio, with important products having a high exercise value and the expansion of the exercise. such as fresh durian, synthetic rubber products mixed with natural rubber, cassava, starch made from cassava, sugar, guava, mango and mangosteen, and frozen poultry meat.

Ranked 3, the Thailand-Japan Economic Partnership Agreement (JTEPA) ($ 2,117.61 million), with a 69.67% exercise ratio, with important products with a high exercise value and expansion of exercise, such as meat. Seasoned Chicken and Chicken Offal frozen chicken meat dextrin and modified starch, shrimp flavoring, sacks and bags made of polymer of ethylene copper wires and cables, etc.

4th place is the Thai-Australia Free Trade Agreement (TAFTA) (worth US$ 1,875.14 million). 67.41%* by important products with high exercise value and expansion of exercise such as cars and other vehicles (with diesel engine) or semi-diesel) 2,500cc passenger vehicle up and size 1,000 – 1,500 cc. Components of air conditioners and flavored tuna, etc.

Ranked 5, ASEAN-India Free Trade Agreement (AIFTA) (valued at $ 1,681.15 million), with a 62.72% exercise ratio, with important products with a high exercise value and expansion of the exercise, such as Copper wire, organo-in organic compounds air conditioner components Receivers for radio broadcasting, poly(vinyl chloride) and aluminum foils up to 0.2 mm thick, etc.

for agreement RCEP* In January-April 2023, there were exports to 10 countries, namely Japan, China, South Korea, Australia, New Zealand, Singapore, Malaysia, Vietnam, Indonesia and Myanmar, with a total exercise value of US$ 421.99 million, an increase of 106.72% compared to the same period. in previous years The main export products under the RCEP agreement are lubricants. canned tuna energy drink Tapioca chips, spark plugs, lenses, prisms, mirror flocks, textile powders and milnaps, etc.

Since June 2, 2023, the RCEP has come into force with the Philippines. This was also the last country where the RCEP came into force. As a result, RCEP is now in effect with all 15 member countries. This is a good news that Thai exporters have more choices in exercising benefits from various FTAs that Thailand currently has. If in doubt about the use of trade privileges Exporters can find information at the Department of Foreign Trade website. www.dft.go.th Or call the hotline 1385, including the Line application, account name “@gsp_helper.-Thai News Agency.

Source: Thai News Agency