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Thursday, June 25, 2009

TAFTA report Australia-Thailand June 2009

Thailand enjoys US$1.4 billion trade surplus with Australia in first quarter

BANGKOK, June 24 (TNA) - Thailand has enjoyed a trade surplus of approximately US$1.424 billion over Australia during the first quarter of 2009 thanks to the Thailand-Australia Free Trade Agreement (TAFTA), according to a senior Ministry of Commerce official. Foreign Trade Department Director-General Chutima Bunyapraphasara said that TAFTA, enforced since January 1, 2005, had helped push up trade between the two countries. Combined trade between Thailand and Australia during the first quarter of this year totalled $2.746 billion of which Thai exports to that country amounted to$2.085 billion while its imports were only $661 million, Miss Chutima said. During the same period, the Thailand’s Foreign Trade Department had issued 10,568 certificates of origin for goods, or about $998.6 million under the agreement to exporters, she said. (TNA)

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