Study On Prospect And Countermeasure Of China-Japan-Korea FTA On The Basis Of Trilateral Trade Relationship

With the globalization of the world economy and the acceleration of the process of regional economic integration, free trade agreements development rapidly. As important positions in Northeast Asia countries, China, Japan and Korea have a kind of strong trade relationship, so establishing FTA is feasible. The trade relations among China, Japan and Korea are analyzed and the feasibility of establishing a free trade zone is explained on the basis of welfare effects of three countries. At the same time, it links the respective political and economic background and analyzes problems in the course of China- Japan-Korea FTA, at last, puts forward solutions.The full text is divided into five chapters:Chapter I, Introduction.The selection of subjects for the main background, significance, the theoretical basis of FTA, paper's frameworks and methodologies, innovation and shortcoming are showed briefly.Chapter II, Theoretical synthesis about FTA. Including the customs union trade theory, Intra-Industry Trade and domestic scholars'researches about China-Japan-Korea FTA.Chapter III, Analyzes trade relations among China, Japan and Korea. From the trade status, trade close degrees, economic complementarities and changing trade patterns aspects, This chapter uses some tools, such as trade intensity index, RCA and IIT to explain trade condition among China, Japan and Korea.Chapter IV, Trade effect analysis about China-Japan-Korea FTA. This chapter discusses three main issues: firstly, using the results of CGE to indicate different economic effect on China, Japan and Korea; Secondly, analysing the different benefits from changing trade patterns; Finally, demonstrating the benefits of trilateral FTA are better than any bilateral FTA.Chapter V, Current situation and countermeasure of China-Japan-Kerea FTA. the first part of this chapter describes the development process of China-Japan-Korea trade zone; the second part analyzes problems; the third part brings up solutions.