Abstract
The bilateral economic relations betweenChinaandThailandhave unprecedentedly increased since the signing of China-ASEAN Free Trade Agreement (CAFTA). This paper describes the rapid economic relations between China and Thailand from the perspectives of bilateral trade and investment as well as other forms of economic cooperation within the latest one decade, and elaborates the spectacular features of Sino-Thai bilateral economic ties in comparison with ASEAN as a whole and the other ASEAN member countries. In addition to explore the driving factors in boosting these two countries’ economic relations, the paper also explores the problems that exists since the two countries’ economic exchanges are as matter of fact under a framework of “South to South” type that embrace inevitably the week pointes such as lacking of complementarities and the others, the effect of free trade pact of “earlier heaviest” concluded by Sino-Thai government since 2003 as an experimental arrangement of CAFTA will be revaluated.
Highlights
The last decade has witnessed rapid expansion of Sino-Thai bilateral economic relations which was unprecedented in the history of economic exchanges between the two countries ascribing to the signing of China-ASEAN Free Trade Agreement (CAFTA)
The three agreements signed attaching to CAFTA have been the driving forces to the expansion of the two countries’ economic exchanges, namely, the Agreements on Trade in Goods, the Agreement on Trade in Services, and ASEANChina Investment Agreement which were signed on 2004, 2007 and 2009 separately
In addition to follow the normal schedule of tariff reduction of CAFTA, Thai government signed with Chinese government an agreement on accelerating tariff elimination under the Early Harvest programme over a two-year period, and to be continued afterward
Summary
Received November 9th, 2012; revised December 9th, 2012; accepted December 16th, 2012. The bilateral economic relations between China and Thailand have unprecedentedly increased since the signing of China-ASEAN Free Trade Agreement (CAFTA). This paper describes the rapid economic relations between China and Thailand from the perspectives of bilateral trade and investment as well as other forms of economic cooperation within the latest one decade, and elaborates the spectacular features of Sino-Thai bilateral economic ties in comparison with ASEAN as a whole and the other ASEAN member countries. In addition to explore the driving factors in boosting these two countries’ economic relations, the paper explores the problems that exists since the two countries’ economic exchanges are as matter of fact under a framework of “South to South” type that embrace inevitably the week pointes such as lacking of complementarities and the others, the effect of free trade pact of “earlier heaviest” concluded by Sino-Thai government since 2003 as an experimental arrangement of CAFTA will be revaluated
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
