Amid the global economic crisis and the strengthening of the baht, the use of free trade agreement (FTA) privileges by Thai exporters remained high in January.
The Foreign Trade Department reported yesterday the use of FTA privileges by Thai exporters tallied US$5.39 billion, with the highest use of FTA privileges stemming from Asean, China, Australia and Japan.
Nevertheless, the value was down by 16.1% from January last year, while the utilisation rate of FTA privileges was equivalent to 71.7% in January this year.
In 2022, the use of FTA privileges by Thai exporters surged to $84.6 billion, up by 10.9% from a year before, with the utilisation rate equivalent to 82.1%.
Ronnarong Phoolpipat, director-general of the Foreign Trade Department, said high FTA privileges used in many agreements were found for trucks for the transportation of goods weighing less than…
