International Economics 国际经济学 Instructor: Tih Koon (Alex) Tan

Self Introduction

Syllabus

World Trade and the National Economy Definition of International Economics Importance of International Economics Current International Economic Problems Commercial Policies: – Tariff – Import Quota – Voluntary Export Restraint – Export Subsidy – Exchange Control

World Trade Organization (WTO) Established on 1 January 1995 Successor to the General Agreement on Tariffs and Trade (GATT) Based in Geneva, Switzerland Membership: 146 (as of April 4, 2003) China joined the WTO on December 11, 2001

World Trade Organization (Con’t) Functions: – Administering and implementing the multilateral trade agreements which together make up the WTO; – Acting as a forum for multilateral trade negotiations; – Seeking to resolve trade disputes; – Overseeing national trade policies; – Providing Technical assistance and training for developing countries; and – Cooperating with other international institutions involved in global economic policy making

Closer Economic Partnership Arrangement (CEPA) Between China and Hong Kong SAR Signed on June 29, 2003 Signed by Chinese Vice Minister An Min and Hong Kong’s Financial Secretary Antony Leung First free trade pact since joining the WTO

Closer Economic Partnership Arrangement (Con’t) Covers three broad areas: – Trade in Goods – Trade in Services – Trade and Investment Facilitation