China's Fta Strategy In East Asia Research

Corresponding to the indefinitely termination of Doha Round of WTO negotiations in July 2006 and arrested development of WTO, the regional and bilateral economic cooperation has developed rapidly. China, as a big developing country with rapid economic development rate, has also joined in the wave of regional and bilateral economic cooperation. Since China's first free trade zone agreement was signed in 2002, the number of FTA has increased to 8 and 19 countries and regions involved. Besides, China's FTA negotiations with Gulf Cooperation Council, Australia and other countries and regions are in process. Regional economic cooperation in East Asia (EAEC), the world's fastest growing region, has been accelerating in recent years. Major countries have already introduced their own FTA strategy to speed up the pace of economic cooperation. A new form of multi-level and multi-domain economic cooperation emerged In East Asia.It is certain that promoting economic cooperation with East Asia is a matter of great significance to China, and through years of development, China has made satisfactory achievements, but there are also many problems. This paper first pointed out the significance of China's FTA strategy, and then sated the status of EAEC and the major countries'FTA strategy in this region. In addition, it also discussed the impact of United States to EAEC. Based on these backgrounds, the paper deeply analyzed the status of China's current situation in EAEC and pointed out the problems existing. The lack of FTA strategy is one of the main problems. The author believes that the complete FTA strategy should include strategic goals, strategic principles, strategic selection criteria and several specific aspects of strategic steps. In the past 10 years, China has initially formed the strategic principles and strategic selection criteria of FTA. The author is going to propose the lacked strategic goals and specific strategic principles based on the summarization of these initial principles and selection criteria. And through specific analysis of the impact of various FTA on country's GDP, exports combined degree, regional revealed comparative advantages and regional complementarity indices, combined with our strategic objectives, principles, selection criteria and the FTA strategy of other major countries, the paper will further put forward the FTA strategic steps adapted to China. That is: First, improve the quality of existing FTA / EPA. Second, promote the establishment of cross-strait economic cooperation framework agreement (ECFA) and the construction of western economy zone. Third, encourage sub-regional cooperation and industry cooperation. Forth, develop FTA cooperation with South Korea. And finally, push forward the construction of "10 +3" and "10 +6".