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Potential Gains to Thailand from Joining the Bangkok Agreement

NIDA Economic Review Journal

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Title Potential Gains to Thailand from Joining the Bangkok Agreement
 
Creator Pholphirul, Piriya
 
Description Formed in 1975, the Bangkok Agreement (BA) was the oldest preferential trade arrangement(PTA) in Asia-Pacific that aims to boost trade volumes among developing countries. Currently,there are six member countries: Bangladesh, India, Lao People’s Democratic Republic, Republicof Korea, and Sri Lanka. China is the latest member who just acceded to the agreement in 2001.However, the intra-member trade in the Bangkok Agreement region has remained relativelysmall. This, therefore, attributes to the limited number of concessions for success of this tradebloc. Nevertheless, the decision of Thailand for joining the Bangkok Agreement should bestudied more for its possible outcomes. This paper analyzes the potential gains if Thailanddecides to be a member of the Bangkok Agreement. This paper calculate some indicators andestimate a pool gravity model to quantify the possible gains to Thailand if it decides to join theBangkok Agreement PTA. Due to comparative advantage and potential of trading on “Textile,Wearing Apparel and Leather Industries”, “Manufacture of Chemical, Petroleum, Coal, Rubberand Plastic Product”, “Manufacture of Paper and Paper Products, Printing, and Publishing” and“Basic Metal Industries”, trade creation can be expected to exist in these industries within theBangkok Agreement. The Agriculture sector, Mining sector, Manufacture of Food, Beverage,and Tobacco, and other industries such as Pearls and precious stones, Furniture, and otheraccessories are still the below potential industries in which Thailand should aim for furthernegotiations.
 
Publisher Development Economic Review (พัฒนาการเศรษฐกิจปริทรรศน์)
 
Date 2006-06-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://tci-thaijo.org/index.php/NER/article/view/23123
 
Source Development Economic Review (พัฒนาการเศรษฐกิจปริทรรศน์); Vol 1 No 2 (2549): NIDA Economic Review Journal; 1
1906-2540
 
Language eng
 
Relation http://tci-thaijo.org/index.php/NER/article/view/23123/19749
 
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