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Thai exports to China exceed US$200m after tariff-free deal
Thailand's exports to China have exceeded 10 billion bahts (about US$238 millions) after their tariff-free agreement on agricultural products came into effect in October last year, said a senior Thai official. During the October 2003-July 2004 period, Thailand's exports to China stood at over 2.49 million tons, which worth more than 11.02 billion bahts (some 262 million US dollars), Rachane Potjanasuntorn, director-general of the Department of Foreign Trade was quoted by Thai News Agency as saying on Tuesday. "These shipments were based on nearly 11,000 certificates of origin the Department of Foreign Trade had issued during this period," he noted. Among the exported goods, 99.8 percent were fruits and vegetables destined to Chinese market. Cassavas, dried and fresh longans, durians and coconuts are the major export goods to China, while major imports from China include fresh apples, dried mushrooms, fresh and dried nuts, carrots and frozen fish. Thailand had a trade surplus of over 4.54 billion bahts (some 108 million US dollars) with China during the October 2003-June 2004 period, Rachane said. In June 2003, China and Thailand signed an agreement on mutual exemption of tariffs on 188 products. Under the deal, the two countries will eliminate tariffs on imported fruits and vegetables beginning from October 1, 2003 in advance of the agenda for the exemption of tariffs under the framework agreement of the Sino-ASEAN (Association of Southeast Asian Nations) free trade zone. |
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