Department of International Trade Negotiations Notification of progress on the ASEAN-Hong Kong Free Trade Agreement It has come into effect in all 11 countries, D-Day 12 February, after Cambodia began using it as the last country, revealing that Thailand has clearly benefited in the past. Exports to Hong Kong increased, including pigs, aircraft, cosmetics, chickens, faxes, telephones, plus the right to own 100% of shares in some service sectors. Mrs. Oramon Sapthaweetham Director-General of the Department of International Trade Negotiations revealed that the ASEAN–Hong Kong Free Trade Agreement (ASEAN–Hong Kong Free Trade Agreement: AHKFTA) is about to come into full force for all 11 member countries from 12 July. 2021 onwards after it came into effect between Hong Kong and some ASEAN member countries. Since June 2019 and most recently Cambodia This is the only country currently that has not yet come into effect. has informed the ASEAN Secretariat that it is ready to begin using the AHKFTA Agreement .
After the AHKFTA Agreement came into force, Thailand received Coinbase Virtual Currency Database many benefits. Especially in the field of merchandise trade Hong Kong has exempted all products exported from Thailand from customs duties, resulting in 2020 having more products exported from Thailand to Hong Kong. Compared to the year before the agreement came into effect, for example, fresh and frozen pigs worth 104.5 million USD, an increase of 3,596%, aircraft, spacecraft and components worth 436.2 million USD, an increase of 1,530%, cosmetics, soaps and skin treatment products worth 168.9 million USD, an increase. 119%, chilled and frozen chicken valued at USD 40.1 million, an increase of 93%, and fax machines, telephones, equipment and components valued at USD 412.1 million, an increase of 66%, etc. As for trade in services Hong Kong has opened its services market to Thailand and ASEAN more than other World Trade Organization (WTO) members, especially opening additional markets in response to Thailand's demand for content production services for radio and television broadcasting operators. This allows Thai entrepreneurs to hold 100% of the shares without conditions.
which can conduct business fully in Hong Kong. In addition, Hong Kong has seen the importance of making Thailand a base for doing business, trade and investment in the region. Therefore, the Hong Kong Economic and Trade Office (HKETO) was established in Thailand in February 2019. which is the third office in ASEAN (the first two being Singapore and Indonesia). Hong Kong is currently Thailand's number 8 trading partner. In 2020, trade between Thailand and Hong Kong was valued at US$13,298 million, with Thailand exporting worth US$11,292 million. and Thailand imports worth 2,006 million US dollars. Important export products such as computers Equipment and components Gems and accessories, aircraft, spacecraft and parts, telephones, equipment and parts, fresh, chilled, frozen and dried fruits. Electrical appliances and other components and rice, important imported products such as jewellery.
After the AHKFTA Agreement came into force, Thailand received Coinbase Virtual Currency Database many benefits. Especially in the field of merchandise trade Hong Kong has exempted all products exported from Thailand from customs duties, resulting in 2020 having more products exported from Thailand to Hong Kong. Compared to the year before the agreement came into effect, for example, fresh and frozen pigs worth 104.5 million USD, an increase of 3,596%, aircraft, spacecraft and components worth 436.2 million USD, an increase of 1,530%, cosmetics, soaps and skin treatment products worth 168.9 million USD, an increase. 119%, chilled and frozen chicken valued at USD 40.1 million, an increase of 93%, and fax machines, telephones, equipment and components valued at USD 412.1 million, an increase of 66%, etc. As for trade in services Hong Kong has opened its services market to Thailand and ASEAN more than other World Trade Organization (WTO) members, especially opening additional markets in response to Thailand's demand for content production services for radio and television broadcasting operators. This allows Thai entrepreneurs to hold 100% of the shares without conditions.
which can conduct business fully in Hong Kong. In addition, Hong Kong has seen the importance of making Thailand a base for doing business, trade and investment in the region. Therefore, the Hong Kong Economic and Trade Office (HKETO) was established in Thailand in February 2019. which is the third office in ASEAN (the first two being Singapore and Indonesia). Hong Kong is currently Thailand's number 8 trading partner. In 2020, trade between Thailand and Hong Kong was valued at US$13,298 million, with Thailand exporting worth US$11,292 million. and Thailand imports worth 2,006 million US dollars. Important export products such as computers Equipment and components Gems and accessories, aircraft, spacecraft and parts, telephones, equipment and parts, fresh, chilled, frozen and dried fruits. Electrical appliances and other components and rice, important imported products such as jewellery.