More recently, Bangkok has employed
a strategy similar to Singapore’s, using multilateral institutions and
trade agreements to draw the major powers into the region as a means of ensuring
stability. It has signed FTAs with Australia, China, and India, and is undertaking
negotiations with Japan and the United States. Significantly,
Thailand is ideally placed to promote pan-regional institutional ism as it sits at
the crossroads of Northeast, Southeast, and South Asia.