The Impact of ASEAN Free Trade Area (AFTA) on Selected Agricultural Products in ASEAN Countries

An Application of Spatial Price Equilibrium Model

by Lilibeth Acosta (Author)
Thesis XXV, 234 Pages


The Association of Southeast Asian Nation (ASEAN) was created as early as 1967 but ASEAN economic cooperation moved in a lackluster pace with few concrete accomplishments. To move the organization from its benign state of economic cooperation, the member states signed in 1992 the agreement on ASEAN Free Trade Area (AFTA) which is to be fully realized by the year 2003. Although agricultural products were initially excluded from the agreement to protect a sensitive sector like agriculture from open regional competition, the member states decided to include them in AFTA in 1995. Through application of a spatial price equilibrium model, the effects of AFTA on demand, supply, prices and trade of selected agricultural products in ASEAN countries and their major trading partners were analyzed. The spatial characteristic of the model analysis facilitated simulation of trade flows and thus provided insights on the possible changes in intra- and extra-ASEAN trade.


XXV, 234
ISBN (Softcover)
Frankfurt/M., Berlin, Bern, New York, Paris, Wien, 1998. XXV, 234 pp., num. fig. and tab.

Biographical notes

Lilibeth Acosta (Author)

The Author: Lilibeth Acosta graduated with a degree in BSc. Agricultural Economics from the University of the Philippines at Los Banos in 1988 and was awarded a scholarship by the International Rice Research Institute Junior Researchers, Inc. With scholarships from the British Council and the Cambridge Overseas Trust, she pursued the MPhil. degree in Economics and Politics of Development at the University of Cambridge, England in 1991. As a scholar of the German Academic Exchange Service, she earned a Doctorate degree in Agricultural Economics at the University of Bonn, Germany in 1998. She worked as Economic Development Specialist at the National Economic Development Authority in the Philippines from 1988 to 1993. In 1998, she has been appointed as a research fellow at the University of Kyoto, Japan.


Title: The Impact of ASEAN Free Trade Area (AFTA) on Selected Agricultural Products in ASEAN Countries