Durian products and Thai rubber gloves dominate the FTA and GSP rights in 2020

Published Feb 26, 2021

Original content

The Department of Foreign Trade revealed trade benefits totaling in 2020 amounted to 62,338.86 million US dollars, down 10.46% in line with the slowdown in exports. The exercise ratio was 76.06%. The "fresh durian" products exercised the highest FTA, while the "rubber gloves" exercised the highest GSP rights expected. According to the recovery of exports And the development of services to apply for rights more easily. Mr. Kirati Rachano, Director-General of the Department of Foreign Trade revealed that the use of trade benefits for exports under the Free Trade Agreement (FTA) and under the preferential system. The General Tariff (GSP) in 2020 was valued at US $ 62,338.86 million, down 10.46%, in line with the decline in overall exports. Because it was affected by the epidemic of COVID-19 And has a proportion of 76.06% of all eligible products It is divided into the exercise of rights under the FTA valued at US $ 58,077.18 million, a decrease of 11.41% with a 76.53% exercise ratio ...
Source: Prachachat
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