Free Trade : Challenges or opportunities for Thai agriculture
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Abstract
The economy of many countries is developing and changing, and we cannot object that “Free trade” is one of the key concepts that plays an important role in driving and transforming the global economy. This research was designed to study the challenges and opportunities of free trade in the Thai longan industry. This research is a single case study, involving mainly semi-structured interviews with representatives of exporters and farmers as well as documentary content analysis. The findings show that free trade presents both opportunities and challenges to the agricultural sector, of which depends on various factors. Free trade provides opportunities if the industry’s stakeholders can establish a strong relationship, effective management of distribution channel, understanding logistics and supply chain management, obtaining knowledge and expertise as well as effectively dealing with geography related challenges. Meanwhile, free trade presents challenging factors if the industry is over-reliant on foreign markets, global competition, and economic restructuring. Finally, the policy introduced by the government is very important to strengthen and sustain the agricultural sector.
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References
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