Thai Milk and Milk Product Exports Expand Continuously
The Department of International Trade Negotiations, Ministry of Commerce, headed by Director General Oramon Sapthaweetham, has been closely monitoring the export situation of Thai milk and milk products. The latest findings reveal a continuous expansion in exports, solidifying Thailand’s position as the number one exporter in ASEAN and the seventh largest exporter in the world. From January to July 2023, over a span of seven months, Thailand exported milk and milk products worth 13.5 billion baht to the global market, marking an impressive growth of 8.2% compared to the same period last year.
The significant boost in exports can be attributed to the free trading partner market, primarily the Free Trade Agreement (FTA), which accounted for a staggering 94.1% of all exports in the milk and milk product sector. Notably, the FTA expansions in ASEAN, China, Hong Kong, Australia, and India witnessed significant growth rates of 6.9%, 41.4%, 18.6%, 21.8%, and 137.6% respectively. This expansion of trade can be attributed to the increased demand for products such as UHT ready-to-drink milk, sour milk and yogurt, soy milk with added milk, and other milk-based beverages.
Oramon Sapthaweetham emphasizes that the statistics highlight the immense potential for utilizing the benefits of the FTA, particularly in the high-demand ASEAN market. The absence of import taxes on all milk and milk products from Thailand has contributed to the substantial growth of exports to ASEAN, reaching a value of 10.9 billion baht during the same seven-month period. This accounts for 81% of Thailand’s milk and dairy exports. Noteworthy expansions in ASEAN markets include Lao PDR, the Philippines, and Malaysia, with growth rates of 14.2%, 13.3%, and 35.3%, respectively.
The most popular products in these markets include UHT milk valued at 3 billion baht, yogurt and yoghurt worth 2.7 billion baht, and other milk-based beverages worth 434 million baht, along with whey valued at 153 million baht. The trade agreement between Thailand and 18 countries, including ASEAN, China, Australia, New Zealand, Chile, and Hong Kong, plays a crucial role in supporting the continuous expansion of Thai milk and milk product exports.
However, it is important to highlight that only four countries have reduced import taxes on specific dairy and milk products from Thailand. Peru, South Korea, India, and Japan have shown varying degrees of tax reduction. For instance, Peru and South Korea have reduced import duties on milk, yogurt, and cheese, while India has exempted yogurt and yogurt imports from Thailand from tax but still imposes import tax on milk at rates ranging from 20% to 60%. On the other hand, Japan has implemented import taxes on milk, yogurt, and cheese, albeit at gradually decreasing rates. The recent Regional Comprehensive Economic Partnership (RCEP) agreement with Japan aims to eliminate import taxes on milk drinks containing mixed milk entirely by the year 2080.
Oramon Sapthaweetham Director General of the Department of International Trade Negotiations Ministry of Commerce He revealed that the Department has been following up on the export situation of Thai milk and milk products. Exports were found to be expanding continuously. Because Thailand is currently the number 1 exporter in ASEAN and number 7 in the world, during January-July 2023, a period of 7 months, Thailand exported milk and milk products to the world market worth 13.5 billion baht .It expanded by 8.2% compared to the same period last year.
It is exported. Free trading partner market FTA Valued at 12.7 billion baht, expanding 8.3%, accounting for 94.1% of all milk and milk product exports, dual market. FTA which expanded well including: ASEAN Expanded 6.9% China Expanded 41.4% Hong Kong Expanded 18.6% Australia expanded 21.8% a India Expanded 137.6% Export product increased and expanded like UHT ready to drink milk. Sour milk and yoghurt Soy milk with added milk Other drinks containing mixed milk and whey (whey)
Oramon Mrs Said that from statistics it was found that dairy products and products There is a request to use the benefits of FTA in high exports especially the ASEAN market This is because there is no need to pay import taxes on all milk and milk products from Thailand In the last 7 months, Thailand has exported milk and milk products to ASEAN worth 10.9 billion baht, expanding by 6.9%, accounting for 81% of milk and milk. dairy exports All dairy products Well expanding markets include: Lao PDR Expanded 14.2% Philippines expanded 13.3% a Malaysia Expanded 35.3%
Popular products include UHT milk worth 3 billion baht, expanding 16.7%, yogurt and yoghurt worth 2.7 billion baht, expanding 14.4%, and other drinks including mixed milk worth 434 million baht, expanding 18.8% and whey (whey ) worth 153 million baht. , expanding 41.8%.
Anyway, FTA of Thailand with trading partners in 18 countries is considered an important factor supporting the continued expansion of Thai milk and milk product exports. From the existing trading partners FTA 14 countries incl ASEAN China Australia New Zealand Chile a Hong Kong The import tax on milk and milk products is from Thai All items ready
However, only 4 countries have reduced import taxes on some dairy and milk products for Thailand: Peru, South Korea Collection of import duties on milk at a rate of 26.8%, yoghurt at a rate of 28.8%, cheese at a rate of 36%, India No tax on yogurt and yogurt imported fromThai but still collecting import tax on milk at a rate of 20-60%, Japan Collection of import taxes on milk at a rate of 21.3-25.5%, yoghurt at a rate of 21.3-29%, and cheese at a rate of 22.4-40% In addition, the agreement RCEP Japan It was agreed to gradually reduce the import tax on milk drinks containing milk mixed with milk until it is 0 in the year 80.
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