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The Prospects for China's Free Trade Agreements

Author

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  • Yanying Zhang
  • Gaiyan Zhang
  • Hung-Gay Fung

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.

Suggested Citation

  • Yanying Zhang & Gaiyan Zhang & Hung-Gay Fung, 2007. "The Prospects for China's Free Trade Agreements," Chinese Economy, Taylor & Francis Journals, vol. 40(2), pages 5-35, April.
    • Handle: RePEc:mes:chinec:v:40:y:2007:i:2:p:5-35
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    Cited by:

    1. Qi, Chaoying & Zhang, James Xiaohe, 2018. "The economic impacts of the China-Australia Free Trade Agreement - A general equilibrium analysis," China Economic Review, Elsevier, vol. 47(C), pages 1-11.
    2. Al Faithrich C. Navarrete & Virgillio M. Tatlonghari, 2018. "An empirical assessment of the effects of the Japan–Philippine Economic Partnership Agreement (JPEPA) on Philippine exports to Japan: a gravity model approach," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 7(1), pages 1-20, December.
    3. Hung‐Gay Fung & Qingfeng Wilson Liu & Erin H. C. Kao, 2007. "China's Outward Direct and Portfolio Investments," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 15(6), pages 53-68, November.

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