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Regional Cooperation in Asia-Pacific region and China

Regional Cooperation in Asia-Pacific region and China. Long Guoqiang Development Research Center March, 25, 2010. Contents. New trends of regionalism Progress of regional cooperation of China and Asia The principle of moving forward of RTA Beyond RTA. What is regionalism.

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Regional Cooperation in Asia-Pacific region and China

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  1. Regional Cooperation in Asia-Pacific region and China Long Guoqiang Development Research Center March, 25, 2010

  2. Contents • New trends of regionalism • Progress of regional cooperation of China and Asia • The principle of moving forward of RTA • Beyond RTA

  3. What is regionalism • PTA :Preferential trade arrangement（优惠贸易安排） • FTA: Free trade arrangements(自由贸易区) • Custom Union(关税同盟) • Common Market (共同市场) • Economic Union(经济同盟)

  4. Trends one: rapid growth • According to WTO, there are 330 regional arrangements notified to WTO by July, 2005, in which 206 are reported after Jan. 1995 and 180 are already effective. There are many other regional arrangements under negotiation. All WTO members except Mongolia have been members of at least one regional arrangement. it is estimated that more than half of global trade was within regional arrangements.

  5. Trend two: north-south • In the past: north-north, or south-south • Now: more and more north-south

  6. Trend three: richer contents • In the past: access of trade in goods, • Now: trade in services, economic cooperation, • Selective: investment measure, IPR, competition policy, etc.

  7. Trend IV: • In the past: geographic close economies • Now: more and more long distance FTAs

  8. Trend V. • In the past: regional arrangement (more than two members) • Now: More and more bilateral FTAs

  9. Rapid progress of RTA in Asia and Pacific

  10. China’s RTA”: enforced

  11. China’s RTA: under negotiation

  12. China’s RTA: proposed/under consultation and study

  13. Principles • De-political (去政治化） • Easier first （先易后难） • Different approach (方式多样）

  14. Beyond RTA • Open Regionalism • Currency cooperation • PTA • Sub-regional cooperation

  15. Thanks!

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