News

Covid-19 impacts Q1 exports using 10% FTA-GSP rights

Published Jun 22, 2020

Tridge summary

The use of commercial benefits under the FTA and GSP in the last 3 months decreased by 9.97% due to the impact of the outbreak of the Covid-19 virus. But under crisis Found food, beverage and processed agricultural products There is expansion. Suggest to utilize FTA and GSP before exporting

Original content

Mr. Kirati Ratchano, Director-General of the Department of Foreign Trade Revealed the results of the use of export benefits under the Free Trade Agreement (FTA) and under the General Customs Tariff System (GSP) during the 3 months of 2020 (Jan-Mar. .) That the total value of benefits was 16,249.72 million US dollars, down 9.97% with 75.53% of the total exercise of rights. Divided into an exercise of benefits under the FTA worth 14,911.35 million US dollars. And using benefits under the GSP worth US $ 1,338.37 million. The market that Thailand exports with the top 5 FTAs is ASEAN, worth 5,621.43 million US dollars. There are important export products that have a high value of usage, such as air conditioners used to attach windows, walls, ceilings or areas with complete components. Cars for transporting people Cylinder capacity 1,500-2,500 cubic meters of other beverages, China worth 3,762.02 million US dollars. There are important export products that have a high value of usage, ...
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