Politics of regional trade liberalisation
As multilateral trade negotiations have become unworkable, regional and bilateral alternatives are on the rise. In Thailand’s neighbourhood, the most consequential of these trade vehicles is the Regional Comprehensive Economic Partnership (RCEP). As it missed the boat on the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), Thailand as Asean chair this year should finalise the RCEP expeditiously and find a way to accede to the CPTPP in the near future. Although the Thai political situation remains murky and contentious, there is enough domestic policy consensus on low-hanging fruits, such as regional and bilateral trade liberalisation, that should be reaped without further delay.
Thitinan Pongsudhirak
