People's Republic of China (PRC) Thailand Economic Relationship After Signing of Free Trade Agreement in 2005
The bilateral trade relations between People's Republic of China (PRC) and Thailand have considerably increased following the signing of the PRC ASEAN Free Trade Agreement (CAFTA) on 'Trade in Goods' in July 2005, the 'Trade in Services' in 2007 and 'Investment' in 2009. The aim of this chapter is to explore the micro level comparative advantages between China and Thailand from the perspective of CAFTA. Revealed comparative advantages (RCA) indices have been estimated and tested for exports at SITC 2 digit level. PRC has RCA for 39 of the 60 industries at two digital SITC in 2010 2013. This finding is useful to promote Regional Comprehensive Economic Partnership (RCEP) which is currently under negotiation.