Economic and Environmental Benefits and Costs of Thailandís FTA (in Thai)
Thailand has entered into free trade agreements (FTA) with five countries, namely, India, China, Australia, New Zealand and Japan. This study aims to assess and compare the benefits from and costs of the FTA using the outputs from computable general equilibrium (CGE) analysis. The analysis covers 25 export and import items and 9 components of the associated environmental cost. The results reveal that Thailand obtained a favorable balance in economic value of 2,254,745 million baht, and unfavorable balance in environmental value of -2,443,683 million baht. A comparison of the values by export and import items and by countries shows that the economic and environmental values gained from FTA were varied. This strongly suggests a reselection and revision of items exported to and imported from each FTA partner on the basis of both economic and environmental gains and losses.
Keywords: free trade agreement, environmental cost, computable general equilibrium model
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