The Department of Foreign Trade (DFT) disclosed that Thai exporters had increased their use of benefits under free trade agreements (FTAs) and the Generalized System of Preferences (GSP) in 2018.
The DFT Director-General, Adul Chotinisakorn, said the use of privileges under Thailand’s FTAs had totaled about 69.6 billion United States dollars last year.
Exporters to the ASEAN market were found to have made the greatest use of privileges, followed by those exporting to China, Australia, Japan and India.
The FTA that recorded the highest rate of usage was the Thai-Chilean FTA at 98 percent, followed by the ASEAN-Chinese FTA and the Thai-Japanese FTA.
As for Thailand’s use of GSP privileges, Mr. Adul indicated that the value of benefits used by Thai exporters in 2018 had also risen to about 4.73 billion US dollars. Up to 90 percent of the total use was made by exporters to the US.
Products that saw the highest growth in GSP use were air conditioners, drinks, rubber gloves, processed food items and glass lens.