Thailand: Food-beverage-agriculture to use FTA-GSP to reduce export taxes

Published 2021년 9월 16일

Tridge summary

The article highlights the significant growth in Thailand's trade privileges under the Free Trade Agreement (FTA) and General Preferential Tariff System (GSP) for the first seven months of 2021. The total value of these benefits reached 46,394.36 million US dollars, a 36.23% increase from the previous year, with the majority of benefits derived from the FTA. The top five markets for Thai exports using FTA benefits include ASEAN, China, Australia, Japan, and India. The article also notes the increase in benefits for food, beverages, and agricultural products, and the recovery of markets following a contraction.

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

Original content

Commerce reveals an overview of the use of trade privileges under the FTA and GSP for the first 7 months, growing 36.23%, products with high exercise value, food, beverages and agriculture On September 16, 2021, Mr. Keerati Ratchano, Director-General of the Department of Foreign Trade Revealed the use of benefits for exports under the Free Trade Agreement (FTA) and under the General Preferential Tariff System (GSP) between January-July 2021, it was found that the value was 46,394.36 million US dollars. with an exercise ratio of 77.30%, divided into the use of benefits under the Free Trade Agreement (FTA) 44,178.04 million USD and the value of the use of privileges under the General Favored Tariff System (GSP) of 2,216.32 million US dollars. Overall, the use of privileges during the first 7 months of 2021 increased by 36.23%. The use of benefits under the Free Trade Agreement (FTA) for the first 7 months of 2021 was $44,178.04 million. Increased compared to the same period last ...

Source: Prachachat