Abstract
This paper aims at discussing Thailand’s FTAs initiative and strategy. The recent proliferation of worldwide FTAs in conjunction with the interest of the political leadership have pushed Thailand to become much involved with this new bilateral trade liberalization. The country has made much progress to advance framework agreements with a number of countries, including the significant powers like China, India, Japan, and the United States. The implications of FTAs appear to be tremendous for Thailand in terms of trade increase, GDP and welfare improvement, structural changes related to specific FTAs and sectoral impact. This new dimension of policy framework requires Thailand to explore causes for concern as much as economic opportunities awaiting in front of the long and rocky road that is still to be designed in its roadmap and further implementation.