China's FTAs 국제무역 ZHANGXUELIN 국제무역 JIANGTAO 국제무역 유경봉 경영학과 LISEN

Contents China trade status China trade policy China Free Trade Agreements China FTA under Negotiation and Consideration Expected China - Korea FTA

China's GDP

China trade status Unit: billon dollars

China's trade status The People's Republic of China is the world's second largest economy [ 6 ] after the United States by purchasing power parity ( $8.77 trillion in 2009).People's Republic of China[ 6 ]United Statespurchasing power parity China is the world's fastest-growing major economy, with average growth rates of 10% for the past 30 years.fastest-growing10% China is also the second largest trading nation in the world and the largest exporter and second largest importer of goods. In mid-2010, China became the world's second largest economy, surpassing Japan's economy and second only to the economy of the United States.economyeconomy of the United States On November 1991, China joined the Asia-Pacific Economic Cooperation (APEC) group, which promotes Free trade and cooperation the in economic, trade, investment, and technology spheres.Asia-Pacific Economic Cooperation The completion of its accession protocol and Working Party Report paved the way for its entry into the WTO on December 11, 2001, after 16 years of negotiations, the longest in the history of the General Agreement on Tariffs and Trade.General Agreement on Tariffs and Trade

China 's main trade partners EU billon dollars USA billon dollars Japan billon dollars

China's trade policy Managed trade liberalization

Managed trade liberalization's 5 basic features ● Macroeconomic ● Political ● Unity ● Coordination ● International

Macroeconomic Trade policy is one of the most important macroeconmics policies and has direct or indirect contact with the following four goals:macro- control,economic growth,full employment,price stability,balance of payments.

Political Foreign trade is a way that a country can use to play its international influence to achieve political purposes

Unity A trade policy should be implemented uniformly across the country and stable transparent and predictable.

Coordination The trade policy and fiscal policy,monetary policy,industrial policy, investment policy,regional policy should support and promote with each other and also reduce competition with each other.

International The trade policy formulation,implementation and modification should be in accordance with national law and comply with multilateral agreements,regional agreement,and bilateral government agreement and relevant international rules and practices

China-ASEAN FTA Chinese Premier ZHURONGJI project the thought of sign the China- ASEAN FTA "Trade Agreements in Products" "Trade Agreements in Service" "Agreement in Investment" Establlishment of China-ASEAN Free Trade Area.

Trade Agreements in Products FTA area Products classify: 1.Normal Products (Final tax rate: 0) 2.Sensitive Products (eg:China-- Rice,natural rubber,Palm Oil,Chemicals,digital television,wood,paper product. ASEAN--rubber products,plastic product,ceramic,steel,Home appliances,cars,motorbikes.

China-Pakistan FTA Preferential Trade Arrangements FTA area joint research FTA sign FTA bring into effect

China-Pakistan FTA Pakistan' 11 main service department,further opening of China's service provider:build,Telecommunications,Financ e,distribution,environment,Medical treatment,travelling,transportation,express, Compute Education,Sports.

China-Pakistan FTA China's 6 main service department,further opening of Pakistan's service provider: Mining,pro-environment,Medical treatment,Travelling,Sports,traffic,Translat or,Real Estate,computer,Market Research,management consulting.

China-Chile FTA negotiate start FTA sign bring into effect

China-Chile FTA Product trade: Market Access,rules of origin,hygienicmeasure,technology barrier to trade,trade remedy,dispute-settlement system. 2007,volume of trade 47.2 billion $, 65% growthrate. China import from Chile 10.3 billion $,export 4.4 billion $. Growthrate is 79%,42%.

China-NewZealand FTA FTA signed FTA bring to effect The Agreement is the first comprehensive FTA that China has ever signed as well as the first FTA that China signs with a developed country.

China-NewZealand FTA China's export product:electronic machine,mechanical equipment,clothes,house furnishings,toy,steel products. China's import product:dairy product,wood,pulp,paper product,wool. NewZealand will cancel the tariff of all chinese products untill China will cancel the tariff of 97.2% of the NewZealand products untill

China-Singapore FTA negotiate start FTA sign Singapore cancel the tariff of all the chinese product until China cancel the tariff of 97.1% Singapore product until The total volume of trade 47.2 billion $. growthrate is 15%. china's export 29.6 billion $.import 17.5 billion $,growthrate is 28% and 0.8%.

China-Peru FTA negotiate start FTA SIGN

China-Peru FTA China's benefit product: Light Industrial Products,Electronic product,Home appliances,machine,cars,Chemicals,vegetables,fruits. Peru's benefit product ● fish meal,minerals,fruits,fish. Service trade: Peru will open Mining,Chinese education,Chinese traditional medcine,martial arts. China will open Mining,translate,sport,travelling.

China-Costa Rica FTA FTA sign 2007 total volume of trade billion $,growthrate is 33.29%. China export billion $,import billion $,growthrate is 38.83% and 31.99%.

China-Costa Rica FTA Costa Rica's export: Mechanical & Electrical Products,optical equipment,horologe,food,Tobacco. China's export: Mechanical & Electrical Products,dry goods,house furnishings,toy,chemical products.

Free Trade Agreements under Negotiation

Free Trade Agreements under Consideration

Volume of trade between China and Korea

The biggest obstacle of FTA The agriculture Market liberalization and openness issues

Korea's benefited fields ● Automotive ● Steal ● Heavy Chemical ● IT Produts

FTA's influence to Korea Economy ● GDP 18.9 billion dollars increasing yearly ● GDP 2.3% promotion

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