The use of free trade agreement (FTA) privileges and the Generalized System of Preferences (GSP) by Thai exporters surged 31.4% and 28.1%, respectively, in 2021, mainly attributed to higher demand.
The Foreign Trade Department reported yesterday the use of FTA privileges by Thai exporters tallied US$76.3 billion in 2021, the highest in six years. Outbound shipments under the GSP amounted to $3.61 billion.
Pitak Udomwichaiwat, director-general of the department, said the utilisation rate of the FTA privileges was equivalent to 78.2% last year, up from 76.5% in 2020.
Under 14 FTAs Thailand has with 18 countries, the highest use of FTA privileges…
