March 19, 2024Problems and Perspectives in ManagementOpen Access

Trade creation and export diversion: Thailand’s plastic and rubber under the ASEAN-China free trade agreement

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STSasawalai TonsakunthaweeteamUniversity of International Business and Economics

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Implication

Gravity model analysis reveals trade creation and export diversion in Thai plastic and rubber markets, indicating greater benefits from extra-bloc exports.

Key Points

Thailand experienced increased export values for plastic and rubber under the trade agreement, but trade creation remained lower than export diversion over the thirty-year period.
Gravity model estimation with a Poisson maximum likelihood estimator across 34 countries from 1990 to 2021 revealed that extra-bloc trade yields greater economic benefits.
Highlights the need for domestic policies promoting comparative advantage in manufacturing, while recommending improved customs clearance procedures to reduce trade costs.

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Sasawalai Tonsakunthaweeteam (2024) studied this question.

synapsesocial.com/papers/68e7362ab6db6435876afe56 https://doi.org/10.21511/ppm.22(1).2024.49

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Implication

Gravity model analysis reveals trade creation and export diversion in Thai plastic and rubber markets, indicating greater benefits from extra-bloc exports.

Trade creation and export diversion: Thailand’s plastic and rubber under the ASEAN-China free trade agreement

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Trade creation and export diversion: Thailand’s plastic and rubber under the ASEAN-China free trade agreement

Discussion

Member takes

Implication

Key Points

Cite This Study

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