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Effect of Regional Trade Agreement (RTA) in the Asia-Pacific Economic Cooperation (APEC) countries: case study on Thailand

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Frame of Image  fulfillment of the requirements for the degree of MASTER OF PUBLIC POLICY 2010 Professor Jong Bum Kim
Abstract: APEC “Member Economies” believe that high-quality comprehensive Regional Trade Agreements (RTA) can lead to greater trade and investment liberalization, as well as consumer welfare. APEC operates as a cooperative, multilateral, economics and trade forum. 21 “Member Economies” emphasized on the importance of “Bogor Goals” of free and open trade and investment in the Asia-Pacific region by 2010 in developed and by 2020 in developing countries. This thesis aims to shed light on which regional integration practice has the highest impact on the economic development of the APEC member countries. Using macroeconomic indicator data related to trade from WTO, IMF, UNCTAD and some earlier simulation model analysis was used to assess the impact of RTAs among the APEC member and non-member countries. Members are engaging RTAs without too much concern over whether they will benefit from that arrangement or not. This research showed that trade diversion effect in domestic industry and agricultural sector through tariff cut has not been completely offset by increase in consumer welfare, investment and trade in the Asia Pacific region. These results can inform future policy decisions. The APEC can ensure the sustainable development of member economies; establishing common market economy, ensuring free flow of factors of production including labor, gradual liberalization policy wit


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Title Effect of Regional Trade Agreement (RTA) in the Asia-Pacific Economic Cooperation (APEC) countries: case study on Thailand
Similar Titles
Material Type Reports
Author(English)

Rehan, Umme

Publisher

[Seoul]:KDI School of Public Policy and Management

Date 2010
Pages 100
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Holding KDI School of Public Policy and Management