Re-examining the economic options for import risk assessments

The economic impacts of altering quarantine policies are divided into two main areas: trade evaluations, utilising a partial equilibrium approach to determine the benefits of market liberalisation; or pest management economics, used to determine the on-ground impacts of introduced species. This paper rationalises why these approaches need to be brought together within the policy framework of import risk assessments to provide a greater understanding of the benefits and risks from market liberalisation.