Thailandâ€˜s weighted average tariff rate is about 4.6 percent. Beginning under the Thaksin administration and under pressure by IMF and WTO, Thailand took steps to liberalise its foreign trade. A founding member of the ASEAN Free Trade Area, Thailand has negotiated FTAs with Australia, China, India, Japan, and New Zealand. However, since the 2006 coup, the dismantling of certain trade barriers has come to a stop. As of now, prohibitive tariffs, import bans and restrictions, opaque customs valuations, and weak enforcement of intellectual property rights pose an obstacle to international trade.