Post by account_disabled on Dec 31, 2023 23:18:40 GMT -5
Mr. Adul Chotinisakorn, Director-General of the Department of Foreign Trade The Ministry of Commerce revealed that the use of trade benefits For exports under the Free Trade Agreement (FTA) and under the General System of Preferences (GSP) during the 7 months of 2019 (Jan.-July), the value was 42,129.69 million. US Dollar Representing a benefit utilization rate of 77.33%, a decrease of 1.05%. The value of exercising rights under the 12 FTAs, not including ASEAN-Hong Kong, which just came into effect on June 11, 2019, is worth 39,079.39 million US dollars. or equivalent to 78.25% of the value of exports that receive rights. which has a value of 49,944 million US dollars, a decrease of 2.32% and the use of GSP rights in 4 systems, namely the United States, Switzerland Russia and the Commonwealth of Independent States and Norway had a value of 3,050.30 million USD, or 67.27% of the value of eligible exports, which was 4,534.24 million USD, an increase of 18.61%. For export markets in which Thailand has the highest value of exercising rights under FTA, the top 5 are: 1. ASEAN worth 14,212.71 million US dollars, 2. China worth 10,740.51 million US dollars.
Australia worth 4,747.98 million US dollars, 4. Japan. Valued at 4,470.00 million Email Data USD, and 5.India valued at 2,654.44 million USD. “If considering the amount of exercise of rights during the past 7 months which decreased by 2.32%, it is found that this is a continuous decrease for the second month in a row. This is due to a decrease in exports to some markets. Because it was affected by the trade war and the strengthening baht. As a result, exports to important markets such as ASEAN, Australia, Chile, and South Korea decreased. Therefore, the use of rights decreased as well. And when evaluating the overall picture of rights exercise over a 7-month period with a value of 42,129.69 million US dollars, accounting for 52% of the target value of rights exercise. It is a challenge to achieve the target that the Department has set for the entire year 2019 at a value of 81,025 million US dollars, an increase of 9%, but the Department will continue to push for full use of rights,” Mr. Adul said. The market that the Department expects to push for increased use of rights is China, where Thailand can export products to China. To replace products from the United States that China has increased tariffs on.
Because some items were found There was an increase in the value of exercising rights during the same period last year. But the rate of use of rights is not very high, such as other flavored foods. Only 76.65% of the rights are exercised, air compressors or other gas compressors 57.88%, rubies, sapphires and emeralds 13.70%, jewelery and other artificial accessories 2.61%, and there is also a group of upstream industrial products that have the potential to be exported. But rights are still not fully exercised under the FTA framework, including polyester fibers 4.04%, denim 54.37%, components and machinery for measuring or inspecting profile projectors 36.52%, etc. As for the exercise of rights under the GSP during the 7-month period of 2019, the United States still had the largest share of the exercise of rights, at 91.79% of the total value of the exercise of GSP rights, with a value of US$2,799.76 million. There was an exercise rate of 75.96% of the value of exports receiving GSP rights, which was worth 3,685.97 million USD, an increase of 12.96%.
Australia worth 4,747.98 million US dollars, 4. Japan. Valued at 4,470.00 million Email Data USD, and 5.India valued at 2,654.44 million USD. “If considering the amount of exercise of rights during the past 7 months which decreased by 2.32%, it is found that this is a continuous decrease for the second month in a row. This is due to a decrease in exports to some markets. Because it was affected by the trade war and the strengthening baht. As a result, exports to important markets such as ASEAN, Australia, Chile, and South Korea decreased. Therefore, the use of rights decreased as well. And when evaluating the overall picture of rights exercise over a 7-month period with a value of 42,129.69 million US dollars, accounting for 52% of the target value of rights exercise. It is a challenge to achieve the target that the Department has set for the entire year 2019 at a value of 81,025 million US dollars, an increase of 9%, but the Department will continue to push for full use of rights,” Mr. Adul said. The market that the Department expects to push for increased use of rights is China, where Thailand can export products to China. To replace products from the United States that China has increased tariffs on.
Because some items were found There was an increase in the value of exercising rights during the same period last year. But the rate of use of rights is not very high, such as other flavored foods. Only 76.65% of the rights are exercised, air compressors or other gas compressors 57.88%, rubies, sapphires and emeralds 13.70%, jewelery and other artificial accessories 2.61%, and there is also a group of upstream industrial products that have the potential to be exported. But rights are still not fully exercised under the FTA framework, including polyester fibers 4.04%, denim 54.37%, components and machinery for measuring or inspecting profile projectors 36.52%, etc. As for the exercise of rights under the GSP during the 7-month period of 2019, the United States still had the largest share of the exercise of rights, at 91.79% of the total value of the exercise of GSP rights, with a value of US$2,799.76 million. There was an exercise rate of 75.96% of the value of exports receiving GSP rights, which was worth 3,685.97 million USD, an increase of 12.96%.