Free trade zone in China contain trade protection "weapon"

Business Daily News: China-ASEAN free trade area this year completed, the effect is immediate. In the first half of the China-ASEAN bilateral trade volume reaches 1365 billion, an increase of 55%. Relevant experts suggest that China should consider accelerating the establishment of more free trade area, take the initiative to stem the spread of trade protectionism to form mutually beneficial win-win free trade pattern.

Information Office at yesterday's press conference, Gao Hucheng, Vice Minister of Commerce, said that ASEAN has become China's fourth largest trading partner, the first half of the China-ASEAN trade up growth rate exceeded the same period of increase in China's imports and exports, of which 11%, China's imports from ASEAN amounted to 719 billion, an increase of 64%; exports $ 646 billion, an increase of 45%.

In investment cooperation, 2003-2009, ASEAN on China's actual year investment from 29.3 million increase to 46.8 billion. China on the ASEAN investment growth from 2.3 billion to $ 3 billion, an increase of more than 13 times. The first half of this year, ASEAN in China approximately 31 billion, China on the ASEAN non-financial investment of about 12 billion.

"Promoting and surrounding emerging countries on trade facilitation; aggressively suppress trade protectionism; play a positive role in the free trade area, dealing with the international financial crisis. "More than half a year on the establishment of China-ASEAN free trade area, the Department of Commerce's international trade and economic cooperation Institute research director Li guanghui gives such an evaluation.

According to the World Trade Organization (WTO) rules, members of the WTO on the basis of mutual benefits, further opening its market to phase out the vast majority of cargo tariff and non-tariff barriers and to improve services and investment market access conditions for regional economic integration in the world. Relevant expert pointed out that the world economy has not yet been fully achieved, on its own negotiating free trade area countries in line with international trends, is also in line with China's accession to the WTO in the first place.

Currently, more than half of world trade occurs in free trade zones and other regional trade groups to better than WTO MFN conditions. According to the WTO is expected that by the end of this year, world-wide free trade agreements can reach 400.

"In a conditional basis, consideration could be given to promoting more bilateral free trade area of the building process, such as China and the Gulf Cooperation Council, the Southern African Customs Union, a lot of potential to develop as a free trade area of the economy, a new partnership in China's foreign trade. "The glorious Lee said that the establishment of free trade zones contributes to forming mutually beneficial win-win free trade pattern.

At present, our country has and ASEAN, Chile, Pakistan, Singapore, New Zealand, Peru, Costa Rica and the Asia-Pacific region signed a free trade agreement, is working with Australia, Iceland, Norway, the Gulf Cooperation Council, the Southern African Customs Union and other countries and regions are free trade area negotiations; at the same time being and India and Korea free trade area of the building.