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The Free Trade Agreement of Thailand and its effects on import quotas.  

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Next year, 100,000 - 200,000 Thai garment workers will be unemployed once the import quotas are eliminated. Dej Pathanasethpong claims that inefficient manufacturers which cannot meet demand will be eradicated. However, he said the unemployment should be temporary. Since once both the Free Trade Agreement of Thailand with United States and Australia separately proceeds, competitive manufacturers will expand and employs more workers as the demand of exports increases due to lower import tariffs. Exports are forecast to grow 12 % this year to $3.2 billion and another 7 - 8 % next year. Import quotas are physical limit imposed upon the amount of imported goods; whereas import tariffs are either specific tax or valorem tax on imported goods. Free Trade Agreement is to move goods and services freely to one country to another but retains its own sovereignty with respect to outside countries. Import quota is a type of protectionism...

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