Potential economic implications of a U.S. – ASEAN FTA on agriculture

The Association of Southeast Asian Nations (ASEAN) is both an agricultural trade partner of the U.S. and a key contributor to the global agricultural market. The implementation of a free trade agreement (FTA) between the U.S. and ASEAN has the potential to reduce or eliminate tariffs on agricultural commodities. This research employs a computable general equilibrium modeling framework to simulate the economic implications of agricultural trade liberalization between the U.S. and ASEAN. Results focus on simulated changes in import quantities and prices, agricultural export sales, production, GDP, and welfare in the U.S. and ASEAN given the full elimination of tariffs on agricultural trade between the two partners. Results show that the U.S. is expected to generate a net welfare gain of $1.9 billion, while the ASEAN region is likely to have a net welfare loss of $415 million.

Name thesis:degree_name

Master of Science (M.S.)

Level thesis:degree_level

Masters

Discipline thesis:degree_discipline

Agricultural and Resource Economics

Grantor dc:publisher

Colorado State University. Libraries

Year dc:date.issued

2023

Authors dc:creator

• Miller, Chelsey Alexandra, author
• Countryman, Amanda, advisor
• Hill, Alexandra, committee member
• Pena, Anita, committee member

Statement dc:rights

• Copyright and other restrictions may apply. User is responsible for compliance with all applicable laws. For information about copyright law, please see https://libguides.colostate.edu/copyright.

Language dc:language.iso

eng, English

Identifier URI

https://doi.org/10.25675/3.02285

OAI identifier oai:identifier

oai:mountainscholar.org:10217/237389