Thailand has currently enhanced and promoted intensive trade and investment liberalization and implemented long-term growth policy according with current regional economic integration, WTO obligations and globalizatio...Thailand has currently enhanced and promoted intensive trade and investment liberalization and implemented long-term growth policy according with current regional economic integration, WTO obligations and globalization. Nevertheless, several recent internal and external factors e.g. the massive SARS and avian flu outbreaks, the Indian Ocean tsunami devastation, the Asia financial crisis and domestic policy reforms （ICSEAD, 2006） have also impeded this policy. While the issues are important for Thailand and developing countries in Asia, only limited research has been undertaken to investigate them. The paper conducts a substantive quantitative study to contribute to these trade and development policy issues. A new econometric modelling policy method, namely the generalized gravity theory （Tran Van Hoa, 2004） is used to develop a simple flexible simultaneous-equation econometric model of Thailand＇s openness model with its seven major trade partners （ASEAN-4, Australia, the USA, the EU, China, Japan and India）. Using data from the ICSEAD, the World Development Indicators and the Bank of Thailand databases, the paper reveals efficient and reliable empirical findings on trade-growth causality, trade determination including the impact of shocks and policy reform on trade and growth between Thailand and its major trade partners over the past two decades. The paper also provides evidence on the linkages between trade in goods, FDI and services and regional economic integration for more credible policy implications.展开更多
By integrating 32 bilateral free trade agreements, CEFTA-2006 became the first multilateral free trade agreement of the Western Balkan countries. Signed at the end of 2006, it was supposed to establish a free trade ar...By integrating 32 bilateral free trade agreements, CEFTA-2006 became the first multilateral free trade agreement of the Western Balkan countries. Signed at the end of 2006, it was supposed to establish a free trade area among the following member-states： Albania, Bosnia and Herzegovina, Croatia, Macedonia, Moldova, Monte Negro and Serbia.l The free trade area was supposed to be fully functional by the end of 2010 and should provide trade liberalization by elimination of all tariff and non-tariff barriers for agricultural and non-agricultural goods, as well as trade facilitation by simplification of rules of origin and transit procedures. It should also provide mutual recognition of national sanitary, phytosanitary and technical standards. The free trade area should also enable free trade of services, full protection of intellectual rights, fair rules of public procurement procedures and liberalization of capital investment. The beginning of the creation of the free trade area of the Western Balkan countries created a positive effect upon the increment of the trade exchange of goods among its member-states. However, the weak individual economic capacity of each of them immediately caused a decrement in the exports of goods towards trading partners out of CEFTA-2006. Positive effects realized in the beginning of the creation of the free-trade area were very soon annulated by the influence of the economic crises in 2008. At present, the region experiences a slight, but very slow recovery.展开更多
This article briefly covers the current situation of Sino-Central Asian relations in different dimensions,especially,economic and investments cooperation area in the framework of international organization such as the...This article briefly covers the current situation of Sino-Central Asian relations in different dimensions,especially,economic and investments cooperation area in the framework of international organization such as the Shanghai Cooperation Organization.The possibilities of New Silk road concept to be a part of projects of the SCO boosting investments in transportation infrastructure of CAR states.Also,this article describes main positions of the Chinese energy security strategy and its views on CAR`s oil and gas industry.展开更多
The Regional Comprehensive Economic Partnership(RCEP)agreement was signed on November15,2020.This marks the formal conclusion of the world's largest free tradeagreement in terms of population and economic scale.Th...The Regional Comprehensive Economic Partnership(RCEP)agreement was signed on November15,2020.This marks the formal conclusion of the world's largest free tradeagreement in terms of population and economic scale.The RCEPagreement covers new liberalization commitments in goods,services,investment,and movement of natural persons,and addresses some emerging behind-the-border trade issues,to forge more transparent,open,and inclusive trade rules.Its aim is to build a comprehensive,modern,inclusive,and high-quality free trade agreement.This paper summarizes the framework and highlights of the RCEP agreement,measures the extent of tariff reduction from various perspectives,makes a quantitative assessment of the level of service trade liberalization of the member states adopting positive list commitments,and makes an in-depth analysis of trade rules and provisions in the RCEP agreement.Furthermore,this paper also makes a comprehensive comparison of main provisions among the Comprehensive and Progressive Agreement for Trans-Pacific Partnership,RCEP,and US-Mexico-Canada Agreement.The paper concludes with policy recommendations for Chinatopromote the implementationof the RCEPagreement.展开更多
文摘Thailand has currently enhanced and promoted intensive trade and investment liberalization and implemented long-term growth policy according with current regional economic integration, WTO obligations and globalization. Nevertheless, several recent internal and external factors e.g. the massive SARS and avian flu outbreaks, the Indian Ocean tsunami devastation, the Asia financial crisis and domestic policy reforms （ICSEAD, 2006） have also impeded this policy. While the issues are important for Thailand and developing countries in Asia, only limited research has been undertaken to investigate them. The paper conducts a substantive quantitative study to contribute to these trade and development policy issues. A new econometric modelling policy method, namely the generalized gravity theory （Tran Van Hoa, 2004） is used to develop a simple flexible simultaneous-equation econometric model of Thailand＇s openness model with its seven major trade partners （ASEAN-4, Australia, the USA, the EU, China, Japan and India）. Using data from the ICSEAD, the World Development Indicators and the Bank of Thailand databases, the paper reveals efficient and reliable empirical findings on trade-growth causality, trade determination including the impact of shocks and policy reform on trade and growth between Thailand and its major trade partners over the past two decades. The paper also provides evidence on the linkages between trade in goods, FDI and services and regional economic integration for more credible policy implications.
文摘By integrating 32 bilateral free trade agreements, CEFTA-2006 became the first multilateral free trade agreement of the Western Balkan countries. Signed at the end of 2006, it was supposed to establish a free trade area among the following member-states： Albania, Bosnia and Herzegovina, Croatia, Macedonia, Moldova, Monte Negro and Serbia.l The free trade area was supposed to be fully functional by the end of 2010 and should provide trade liberalization by elimination of all tariff and non-tariff barriers for agricultural and non-agricultural goods, as well as trade facilitation by simplification of rules of origin and transit procedures. It should also provide mutual recognition of national sanitary, phytosanitary and technical standards. The free trade area should also enable free trade of services, full protection of intellectual rights, fair rules of public procurement procedures and liberalization of capital investment. The beginning of the creation of the free trade area of the Western Balkan countries created a positive effect upon the increment of the trade exchange of goods among its member-states. However, the weak individual economic capacity of each of them immediately caused a decrement in the exports of goods towards trading partners out of CEFTA-2006. Positive effects realized in the beginning of the creation of the free-trade area were very soon annulated by the influence of the economic crises in 2008. At present, the region experiences a slight, but very slow recovery.
文摘This article briefly covers the current situation of Sino-Central Asian relations in different dimensions,especially,economic and investments cooperation area in the framework of international organization such as the Shanghai Cooperation Organization.The possibilities of New Silk road concept to be a part of projects of the SCO boosting investments in transportation infrastructure of CAR states.Also,this article describes main positions of the Chinese energy security strategy and its views on CAR`s oil and gas industry.
基金support from the project“Reconstruction of International Economic Rules in the Context of Global Value Chain and the Role of China”funded by the Publicity Department of CCP,and the project“Global Economic Govermance,New Rules of International Trade and Investment,and China's New System of Open Economy”(No.20JJD790003)funded by the Ministry of Education,China。
文摘The Regional Comprehensive Economic Partnership(RCEP)agreement was signed on November15,2020.This marks the formal conclusion of the world's largest free tradeagreement in terms of population and economic scale.The RCEPagreement covers new liberalization commitments in goods,services,investment,and movement of natural persons,and addresses some emerging behind-the-border trade issues,to forge more transparent,open,and inclusive trade rules.Its aim is to build a comprehensive,modern,inclusive,and high-quality free trade agreement.This paper summarizes the framework and highlights of the RCEP agreement,measures the extent of tariff reduction from various perspectives,makes a quantitative assessment of the level of service trade liberalization of the member states adopting positive list commitments,and makes an in-depth analysis of trade rules and provisions in the RCEP agreement.Furthermore,this paper also makes a comprehensive comparison of main provisions among the Comprehensive and Progressive Agreement for Trans-Pacific Partnership,RCEP,and US-Mexico-Canada Agreement.The paper concludes with policy recommendations for Chinatopromote the implementationof the RCEPagreement.
