How the Thai government navigates the contest between the United States and China in the economic sphere will be a litmus test of Thailand’s diplomatic and political skills.
Thailand has shown “interest” in joining the Trans-Pacific Partnership (TPP). It is also a member of the new Regional Comprehensive Economic Partnership (RCEP).
The US is the engine behind the TPP, which doesn’t include China. The RCEP has China as a major founding member, and the US isn’t part of that new regional scheme.