Privilege usage surges among exporters in H1
Privilege usage surges among exporters in H1
The use of free trade agreement (FTA) privileges and the Generalized System of Preferences (GSP) by Thai exporters surged by 34.3% in the first half of the year to US$40.2 billion, boosted largely by a recovery in global demand.
Of the total, the use of FTA privileges contributed $38.3 billion, up 34.3% year-on-year, while shipments under the GSP stood at $1.92 billion, up 35.6% year-on-year.
According to Keerati Rushchano, director-general of the Foreign Trade Department, the top five export markets with the highest use of FTA privileges were Asean ($13.4 billion), China ($12.7 billion), Australia ($4.27 billion), Japan ($3.48 billion) and India ($2.33 billion).
Products that saw the most use of privileges varied, covering categories such a...