UIJRT » United International Journal for Research & Technology

International Trade Public Policy Toward: Opportunities and Risks of Thailand

Total Views / Downloads: 609 

Cite ➜

Lhakard, P., 2021. International Trade Public Policy Toward: Opportunities and Risks of Thailand. United International Journal for Research & Technology (UIJRT), 2(12), pp.01-09.


In the world under changing economic structure in industrial, agriculture and service sectors, many countries tried to acclimatize and make their own national policy strategies, especially trade policy as a public policy that is considered important to society and the nation. The government must issue policies and implement them to improve their country’s economic progress and improve the living of people to the people’s needs and also stakeholders. Therefore, if they viewed that a government policy is useful, people will support their government more. It demonstrates relationships between people and the government. Especially, the 21st century is a century when the center of the world will move from the west to the east, i.e. Asia so that in the development of national economic policy, it is necessary to understand the trends and changes that are about to occur to be able to determine the direction and strategy of policy development in accordance with changes. This paper presents the definitions, significance and characteristics of public policy on international trade in Southeast Asia, as well as concepts and theories on public policy on international trade, actors in policymaking, and public policy on international trade in Southeast Asia, the impact of public policy on international trade, trends and directions of public policy on international trade. Opportunities and risks of Thailand is also presented to study the overview and relationships between Thailand and other countries in terms of public policy on international trade as a developing country that is a part of the global production network to acclimatize and prepare to improve, by using the methodology of document analysis. Therefore, this paper would help to study public policy on international trade, to understand the relationships in policymaking implementation and to support and develop trade cooperation in various aspects in this region.

Keywords: International Trade, Public Policy, Opportunities and risks.


  1. Akinci, G. and Crittle, J. (2008). Special economic zone: Performance, lessons learned, and implication for zone development(No. 45869, pp. 1-83). The World Bank.
  2. Baier, S. L. and Bergstrand, J. H. (2007). Do free trade agreements actually increase members’ international trade?. Journal of International Economics71(1), pp. 72-95.
  3. Davidson, P. (2003). Financial markets, money, and the real world. Cheltenham: Edward Elgar Publishing.
  4. Department of Business Development. (2018). “Statistics of fruits exported in Thailand in 2017”. Ministry of Commerce. http://www.dbd.go.th/dow nload/document_file/Statisic/2560/T26/T26_201703.pdf retrieved on 5/12/2019.
  5. Department of Trade Negotiations Ministry of Commerce. (2018). Thailand and the Free Trade Area. 2nd Bangkok: Department of Trade Negotiations. International Ministry of Commerce, pp 5-14.
  6. Economy Watch. (2017). “Trade policy”. http://www.eco nomywatch.com/international-trade/tradepolicy.ht ml retrieved on 12/12/2019.
  7. Egger, P. and Larch, M.. (2008). Interdependent preferential trade agreement memberships: An empirical analysis. Journal of International Economics76(2), pp.384-399.
  8. HWL (Thailand) Ltd. (2004). “Study of Consequences from Entering into an FTA with EFTA”, Report to Department of Trade Negotiations.
  9. Kjeldsen-Kragh, S. (2001). International trade policy. Copenhagen: Copenhagen Business School Press. pp. 121-130.
  10. Law, J. (2009). A Dictionary of Business and Management (5 ed.). Oxford: Oxford University Press.
  11. Magee, C. (2004). Trade creation, trade diversion, and endogenous regionalism. Econometric Society289.
  12. Mark, S. M. and Shadlen. K. C. (2015). “Trade and Development,” in The Oxford Handbook of the Political Economy of International Trade. Lisa L. Martin,ed. Oxford: Oxford University Press., pp. 487–488.
  13. Meyer, F. V. (2017). International Trade Policy. Volume 14. London: Routledge.
  14. Nesadurai, H. E. (2003). Globalisation, domestic politics and regionalism. Routledge.
  15. Pakdeenurit, P. (2014). Key Success Factor of Special Economic Zone for Thailand. Proceedings of the International MultiConference of Engineers and Computer.
  16. Smith, P. J. (2013). Global Trade Policy: Questions and Answers. John Wiley & Sons, pp. 4–5.
  17. Porter, M. E. (1998). The Competitive Advantage: Creating and sustaining superior performance. New York: Free Press.
  18. Roberts, R. (2008). The Choice A Fable of Free Trade and Protectionism. New Jersey: Pearson.
  19. Sally, R. (2008). Trade Policy, New Century: The WTO, FTAs and Asia Rising. London: The Institute of Economic Affairs., pp. 27–28.
  20. Sohn, C.H. and Lee, H., (2006). How FTAs affect income levels of member countries. World Economy, 29(12), pp.1737-1757.
  21. Stiglitz, J. (2000). “Capital Market Liberalization, Economic Growth, and Instability”, World Development, 28(6), 1075–1086.
  22. Suranovic, S. (2010). International trade: Theory and policy. US: George Washington University. https://www.slideshare.net/tumetr/ss-43942351 retrieved on 12/12/2019.
  23. Thailand Development Research Institute (TDRI). (2018). “Free Trade Agreements in Thailand ” in the TDRI Academic Year Book 2018, November 18-19. Bangkok.
  24. WibunChutikul, P. (2012). International trade: policy theory and empirical research. Bangkok: Faculty of Economics Chulalongkorn University.

For Conference & Paper Publication​

UIJRT Publication - International Journal