The ongoing Covid-19 pandemic has not affected Thailand’s Free Trade Agreements (FTAs) or Generalized Systems of Preferences (GSPs), the Ministry of Foreign Trade (DFT) said on September 16.
In the first seven months of this year, pact deals grew by more than 36% compared to the same period last year, while the industries using the most privileges were agriculture and food, said DFT.
DFT chief executive Keerati Rushchano said the total value of deals made by Thai exporters under free trade agreements and GSP between January and July this year was $ 46.4 billion. dollars, up 36.23% from the same period last year – just over $ 34 billion.
Between January and July, Thailand increased its use of trade incentives under various FTAs and GSPs to boost exports. In addition, several markets have started to recover following the fallout from Covid-19. For example, exports to India increased 4.91 percent, while shipments from Thailand to ASEAN and Japan increased 3.89 percent.
The products benefiting the most from these pacts are industrial products, food and beverages, as well as agricultural products such as processed coconut, seasonings, water and soft drinks, processed foods, pineapples. canned fish, rice and flavorings used in the food industry. .
THE NATION (THAILAND) / ASIA NEWS NETWORK