The Prospects for China's Free Trade Agreements

Yanying Zhang, Gaiyan Zhang and Hung-Gay Fung

Chinese Economy, 2007, vol. 40, issue 2, 5-35

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 FTAsâThailand in 2003, Hong Kong and Macao in 2004, and Chile in 2005âand 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.

Date: 2007
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