New Thai Export

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					New Thai Export
      China-Thailand
Free Trade area agreement
        New Thai Export Pact
China-Thailand recently signed a memorandam.
   Rice – signed 5 deals for 145,000 tonnes
   Tapioca – agreed to sell 4 million tonnes of tapioca
    chips
   Rubber – agreed to supply 100,000 tonnes of rubber
    worth 5.5 billion
   fresh fruits – setting up a distribution network for
    15,000 tonnes of fresh fruit a year
   gems and jewellery – signed an agreement to expand
    co-operation in gems and jewellery
This pact is worth about 36 billion baht.
              Gem-Jewelry
Thailand is currently the world's key
production source of coloured stones
   China is not
China's consumption of gems and
jewellery robust growth over the past three
years
 The ASEAN-China Free Trade
           Area
Thailand-China shall eliminate tariffs on all
vegetable and fruit products
Early harvest products (vegetable & fruits)
   Reduce to 0% tariffs in 10 years
   Except : sensitive list product
      Fertilizers, coffee, cars, papers, rubbers, ect.
                     Rice
In 2008 Thailand exported 0.29 million ton
of jasmine rice, worth 189 million dollars
   However, we exported 0.462 million ton of
    jasmine rice in 2007
The major factors that China imported
less:
   World price of rice tended to increase
   World economy was slow down
        Rubber and Tapioca
Rubber
   Thailand exported rubber worth 1396 million
    of dollars
Tapioca
   In 2008, Thailand was the biggest Tapioca
    exporter to China
   1st and 2nd quarters of 2009, Vietnam is
    currently the biggest exporter
            Fresh Fruits
Durian was the most fruit exported to
China, worth more than 1215 million baht
Lumyai was sold more than 832 million
baht
Ect.
China is the biggest fresh fruits importer of
Thailand
      Gems and Jewelry
Diamond and Gold are exempted from Tax
Color stones – 3%
Pearl – 21%
Authentic ornament – 0-20%
All will be exempted from tax by 2012
However, VAT is not part of FTA
Ricardian Model
                 Reference
http://www.cnwinenews.com/html/200906/29/2009062910422
0.htm
- New Thai export pact
  By PHUSADEE ARUNMAS 2009-6-29 10:42:20
http://www.ftamonitoring.org/data/Dec20/ASCH%20Agreeme
ntMemo.pdf
http://www.measwatch.org/autopage/show_page.php?t=27&s_
id=346&d_id=344
Thank You

				
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posted:6/17/2011
language:English
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