Thailand is the top exporter of coconut meat and shells to China, under the ASEAN-China free trade agreement (ACFTA), accounting for 80.02% of market share, with export value for the second quarter of this year estimated at US$187.91 million, an increase of 26.96% compared to the same period last year.

 

According to Ronnarong Phoolpipat, director-general of Foreign Trade Department, export of Thai coconut meat and shells to China is exempted from taxation under the ACFTA, compared to 60% (MFN rate) when there was no agreement.

 

For the first five months of this year, Thai exports under 12 free trade agreements amounted to US$33.46 billion, accounting for 76.7% of all exports.

 

Caption: A stockpile of dry coconuts in a garden of Amphawa district, a famous agrotourism destination 65 kms west of Bangkok. (Photo by Phoowadon Duangmee)

 

Full Story: https://www.thaipbsworld.com/thailand-is-chinas-top-source-of-coconut-meat-and-shells/

 

-- © Copyright Thai PBS 2023-08-10

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

Busy monkeys!