Post on 12-Jan-2016
New Thai ExportNew Thai Export
China-Thailand China-Thailand
Free Trade area agreementFree Trade area agreement
New Thai Export PactNew Thai Export Pact
China-Thailand recently signed a memorandam.China-Thailand recently signed a memorandam. Rice – signedRice – signed 5 deals for 145,000 tonnes 5 deals for 145,000 tonnes
Tapioca – agreed to sell 4 million tonnes of tapioca Tapioca – agreed to sell 4 million tonnes of tapioca chips chips
Rubber – agreed to supply 100,000 tonnes of rubber Rubber – agreed to supply 100,000 tonnes of rubber worth 5.5 billion worth 5.5 billion
fresh fruits – setting up a distribution network for fresh fruits – setting up a distribution network for 15,000 tonnes of fresh fruit a year15,000 tonnes of fresh fruit a year
gems and jewellery – signed an agreement to expand gems and jewellery – signed an agreement to expand co-operation in gems and jewellery co-operation in gems and jewellery
This pact is worth about 36 billion baht.This pact is worth about 36 billion baht.
Gem-JewelryGem-Jewelry
Thailand is currently the world's key Thailand is currently the world's key production source of coloured stones production source of coloured stones China is not China is not
China's consumption of gems and China's consumption of gems and jewellery robust growth over the past three jewellery robust growth over the past three yearsyears
The ASEAN-China Free Trade The ASEAN-China Free Trade Area Area
Thailand-China shall eliminate tariffs on all Thailand-China shall eliminate tariffs on all vegetable and fruit products vegetable and fruit products
Early harvest products (vegetable & fruits)Early harvest products (vegetable & fruits) Reduce to 0% tariffs in 10 yearsReduce to 0% tariffs in 10 years ExceptExcept : sensitive list product : sensitive list product
Fertilizers, coffee, cars, papers, rubbers, ect.Fertilizers, coffee, cars, papers, rubbers, ect.
RiceRice
In 2008 Thailand exported 0.29 million ton In 2008 Thailand exported 0.29 million ton of jasmine rice, worth 189 million dollarsof jasmine rice, worth 189 million dollars However, we exported 0.462 million ton of However, we exported 0.462 million ton of
jasmine rice in 2007jasmine rice in 2007
The major factors that China imported The major factors that China imported less:less: World price of rice tended to increaseWorld price of rice tended to increase World economy was slow downWorld economy was slow down
Rubber and TapiocaRubber and Tapioca
RubberRubber Thailand exported rubber worth 1396 million Thailand exported rubber worth 1396 million
of dollarsof dollars
TapiocaTapioca In 2008, Thailand was the biggest Tapioca In 2008, Thailand was the biggest Tapioca
exporter to Chinaexporter to China 11stst and 2 and 2ndnd quarters of 2009, Vietnam is quarters of 2009, Vietnam is
currently the biggest exporter currently the biggest exporter
Fresh FruitsFresh Fruits
Durian was the most fruit exported to Durian was the most fruit exported to China, worth more than 1215 million bahtChina, worth more than 1215 million baht
Lumyai was sold more than 832 million Lumyai was sold more than 832 million bahtbaht
Ect.Ect.
China is the biggest fresh fruits importer of China is the biggest fresh fruits importer of ThailandThailand
Gems and JewelryGems and Jewelry
Diamond and Gold are exempted from TaxDiamond and Gold are exempted from Tax
Color stones – 3%Color stones – 3%
Pearl – 21%Pearl – 21%
Authentic ornament – 0-20%Authentic ornament – 0-20%
All will be exempted from tax by 2012All will be exempted from tax by 2012
However, VAT is not part of FTAHowever, VAT is not part of FTA
Ricardian ModelRicardian Model
ReferenceReference
http://www.cnwinenews.com/html/200906/29/20090629104220.htm
- New Thai export pact- New Thai export pact
By PHUSADEE ARUNMAS 2009-6-29 10:42:20By PHUSADEE ARUNMAS 2009-6-29 10:42:20
http://www.ftamonitoring.org/data/Dec20/ASCH%20AgreementMemo.pdf
http://www.measwatch.org/autopage/show_page.php?http://www.measwatch.org/autopage/show_page.php?t=27&s_id=346&d_id=344t=27&s_id=346&d_id=344
Thank YouThank You