Home World Thai durian, fragrant meat, FTA helped boost exports to China in the first quarter, growing 14%

Thai durian, fragrant meat, FTA helped boost exports to China in the first quarter, growing 14%

by news dir
economy

05 May 2021 – 10:55

Director-General of the Department of International Trade Negotiations revealed that FTAs ​​helped boost exports to China in the first quarter by 14%, pushing Korea to cut tariffs under RCEP

Mrs. Oramon Subthawetham Director-General, Department of International Trade Negotiations The Ministry of Commerce revealed that the Department has tracked Thai durian export statistics in the first quarter of 2021, found that Thailand is still the world’s No. 1 durian exporter and the number 1 market share in China by Thailand. Issued fresh durian to China valued at over 186 million US dollars. It increased 14 percent compared to the same period of 2020, accounting for 88 percent of Thailand’s total fresh durian exports. As China exempts fresh durian import tariffs to Thailand under the ASEAN-China Free Trade Agreement (FTA), Thai durian has competitive potential. Point out the importance of the FTA in eliminating import tariff barriers in partner countries. And create an advantage for Thai products in the international market

Currently, Thai durians are not subject to import duties in 17 countries, partners that Thailand also have FTAs. Only South Korea still imposes a 36 percent tariff on durian from Thailand, but under the Regional Economic Partnership Agreement (RCEP) signed in November 2020, Thailand can push South Korea to further reduce fresh durian taxes. Thai It will gradually reduce taxes to 0 in the 10th year after the RCEP agreement comes into effect.

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