International Conference on Eurasian Economies
11-13 October 2012 – Almaty, KAZAKHSTAN
Paper detail
Paper ID : 387
Status : Paper published
Language : English
Topic : International Trade and Globalization
Presenter: Asst. Prof. Dr. Farrukh Nawaz Kayani
Session : 2A International Trade
Chinese Rationale for Free Trade Agreements
Chinese Rationale for Free Trade Agreements
- Asst. Prof. Dr. Farrukh Nawaz Kayani (Hamad Bin Khalifa University, Qatar)
- Prof. Dr. Zhongxiu Zhao (University of International Business and Economics, China)
Abstract
In East Asia economic regionalism and Free Trade Agreements (FTAs) are proliferating at tremendous pace despite being the latecomer as compared to Americas and Europe. Proliferation of FTAs in East Asia started to spread after the Asian financial crisis of 1997. The East Asian economies were dissatisfied with the way the IMF handled the crisis, particularly in Thailand and Indonesia. Presently, about over 100 FTAs are at various stages of development in East Asia. China is also actively engaged in FTAs like the other East Asian neighboring countries for achieving multiple objectives. In this paper we analyzed the detailed reasons that why China is pursuing FTAs? Furthermore, it is said that FTAs may jeopardize the multilateral trading system. As FTAs undermine the WTO policy of maintaining a liberal, non discriminatory and multilateral trading system by supporting the government interventions and prudential controls. Thus we would also explore that whether FTAs are building or stumbling blocks?
JEL codes: F15
Kayani, Farrukh Nawaz, Zhao, Zhongxiu (2012). "Chinese Rationale for Free Trade Agreements" in Proceedings of International Conference of Eurasian Economies 2012, pp.35-38, Almaty, KAZAKHSTAN.
DOI: https://doi.org/10.36880/C03.00387
Session 2A: International Trade
