Thailand's FTA to lead agriculture against COVID Seize the Chinese-India market

Published 2021년 7월 30일

Tridge summary

Thailand has successfully maintained its agricultural exports to China and India despite the Covid-19 pandemic, thanks to the free trade agreements (FTAs) with these countries. The webinar "FTA Leads Thai Agriculture Through Covid-19, Entering the Dragon Market and the Land of Bharata" highlighted the benefits of these FTAs, which have led to significant growth in exports to China and India since their implementation. In the first five months of 2021, Thailand saw a 45% increase in agricultural exports to China and an 84% increase to India. The Department of International Trade Negotiations and the Thai Chamber of Commerce emphasized the potential of the Chinese and Indian markets, given their large populations and demand for Thai agricultural products. The webinar also underscored the growing market for 'future food' and healthy food in these markets.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Even though the world is facing the situation of the Covid-19 crisis But with the handicap from the FTA pushing Thailand to maintain exports to the Chinese and Indian markets. Recently, the Department of International Trade Negotiations organized a webinar titled “FTA Leads Thai Agriculture Through Covid-19, Entering the Dragon Market and the Land of Bharata” with representatives from the government and private sectors to exchange information. Mr. Sinit Lertkrai, Deputy Minister of Commerce said. Currently, Thailand has free trade agreements (FTAs) with China and India, namely ASEAN-China FTA, Thailand-India and ASEAN-India. As a result, the export tax was abolished. This gives Thai products an advantage when they have to compete with other countries' products. Since 2005 with the Thai-China FTA, exports to China have grown 225%, and since 2004, with the Thai-India FTA, exports to India have grown 500%. Recently, during the first 5 months (Jan.-May) 2021, Thailand exported ...

Source: Prachachat