Prime Minister Satisfied with the use of FTA incentives during January 2023, Thai exports were higher than 72 percent, totaling 5.4 billion dollars.

Mr. Anucha Burapachaisri Deputy Secretary-General to the Prime Minister for Political Affairs Acting as a spokesman for the Prime Minister’s Office, revealed that the Prime Minister was satisfied with the use of privileges. From the negotiations of 12 free trade agreements in January 2023 Pushing the value of FTA benefits in January 2023, the value of exports is 7.5 billion US dollars, the exercise value is 5.4 billion US dollars. It is considered that the proportion of utilization of benefits is more than 71.79 percent, divided into the utilization of benefits in the top 5 frameworks as follows: No. 1. The ASEAN Free Trade Agreement (AFTA) has a utilization ratio of 68.74 %. Exports 3,026 million US dollars Exercise value 2,081.46 million US dollars Most of them are products. Vehicles for the transportation of sugar, personal cars (1,500-3,000 cc.), and petroleum and bituminous oil.

Rank 2. The ASEAN-China Free Trade Agreement (ACFTA) has a 78.53 percent benefit ratio, such as cassava, synthetic rubber products mixed with natural rubber, fresh durian, other fresh fruits and starch made from cassava. The total exercise value is US$ 1,208 million. Rank 3. The Thai-Australia Free Trade Agreement (TAFTA) has a 72.97 percent utilization ratio in the category of goods. Cars and other vehicles Personnel transport vehicles with a size of 2,500 c.c. or more and a size of 1,000-1,500 c.c. Components of air conditioning and flavored tuna. No. 4. Thailand-Japan Economic Partnership Agreement (JTEPA), which has a 75.05 percent utilization rate in products such as Seasoned chicken meat and chicken offal Chilled Chicken Meat, Dextrin and Modified Starch and sacks and bags made of plastic Total exercise value 487.12 million US dollars

And the fifth place is the ASEAN-India Free Trade Agreement (AIFTA), with a 70.65 percent exercise ratio, with high-value key products and other organoin-organic compounds, copper wire, vinyl polymers. chloride or of halogenated olefins in a primary manner The total exercise value is USD 400.37 million.

There are also FTA frameworks such as the ASEAN-Korea Free Trade Agreement (AKFTA), the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA), and the Regional Comprehensive Economic Partnership (RCEP). also came out enormous

“Prime Minister therefore proceeding with the work of the relevant agencies to push and promote trade cooperation Use of trade privileges According to the cooperation framework that the government has pushed until many signed to increase export trade value for entrepreneurs in Thailand It also helps expand the market. reduce trade barriers Increase the competitiveness of Thailand expected future There will be a cooperation framework that achieves the objectives of the negotiations. both in trade and investment Including cooperation in other areas that Thailand has potential, ”said Mr. Anucha

Source: Thai News Agency