Thailand Seafood Trade Flow and Its Challenges

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June 21, 2023 - Pasakorn Thammachote and Jirapa Inthisang Trochim

Abstract

Thailand is currently facing many challenges in seafood trade including shortages of domestic raw material, disease outbreak (in shrimp), and trade barriers from importing countries. This study provides background on the Thailand seafood industry and discusses impact of Tier 3 and yellow card policies on Thailand seafood trade flow for key seafood products including seafood market access through Free Trade Agreements. The study finds that the revealed comparative advantage of the fish and the crustaceans have been declined. The strength of Thailand’s fish and crustaceans’ exports remains high. We also found that during the episode of Tier 3, export market was diversified. The Tier 3 placement coincides with the decline in fishery exports to the US. The yellow card seemed to have more effect on fishery governance than anything else. When the yellow card was issued, fishery exports to the EU had already gone down after Thailand lost GSP from EU. Lastly, FTAs helps expand market for Thailand seafood exports to some extent.

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