Privilege usage surges among exporters in H1The 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. Products that saw the most use of privileges varied, covering categories such as industrial products, food/beverage and farm products. Products with the highest application of GSP privileges included rubber gloves, non-alcoholic beverages, air conditioner parts, processed food, canned pineapple, fresh and frozen fish fillets and rice. "In the first half this year, Thailand utilised higher FTA privileges, in line with the country's export emphasis, particularly in Asean, China, Australia and India," he said.

Source: Bangkok Post August 19, 2021 00:00 UTC