The Prospects for China's Free Trade Agreements

Gaiyan Zhang, Yanying Zhang, Hung-Gay Fung

Research output: Contribution to journalArticlepeer-review

Abstract

This article discusses China's initiatives and strategies concerning free trade agreements (FTAs). The recent proliferation of regional FTAs, lackluster momentum in the Doha Round of the World Trade Organization, and significant economic growth have pushed China to become much involved with bilateral trade liberalization. China has made considerable progress since 2000 in advancing framework agreements with a number of economies and regions. It has completed four bilateral FTAs—Thailand in 2003, Hong Kong and Macao in 2004, and Chile in 2005—and is initiating another nineteen bilateral and regional FTAs, including those with ASEAN, New Zealand, Australia, Brazil, and the Gulf Cooperation Council. FTAs have multifaceted impacts for China in terms of trade increases, gross domestic product and welfare improvement, and strategic interests.
Original languageAmerican English
JournalThe Chinese Economy
Volume40
DOIs
StatePublished - 2007

Disciplines

  • Economics
  • International Economics
  • Business

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