China’s FTA strategy

The build­ing of Free Trade Areas has become a new era of open­ing up of China’s new strat­e­gy. Hu Jin­tao, gen­er­al sec­re­tary of the party’s 17 largest in the report, “Free Trade Area of the imple­men­ta­tion of strat­e­gy”, Pre­mier Wen Jiabao in his gov­ern­ment work report in 2009 point­ed out­that “free trade zone to speed up the imple­men­ta­tion of strat­e­gy.” In the cur­rent world finan­cial cri­sis con­tin­ues to spread, the FTA deal with the cri­sis in our coun­try to co-ordi­nate the two mar­kets and two resources will pro­vide greater room for maneu­ver, while main­tain­ing the steady growth of China’s imports and exports play a sig­nif­i­cant pos­i­tive role in . “Extract from Google’s trans­la­tion of MOFCOM state­ment

MOFCOM believes that FTAs hold the promise of new export oppor­tu­ni­ties for China—especially for the slug­gish State Owned Enterprises—during the eco­nom­ic reces­sion. FTAs also offer access to low­er-priced import­ed goods at home and they give Chi­na a big­ger voice in inter­na­tion­al affairs (as if that were nec­es­sary!) by help­ing to build coali­tions of sup­port for China’s views in inter­na­tion­al forums. A high qual­i­ty FTA can lead to deep­er lev­els of eco­nom­ic inte­gra­tion and avoid unsta­ble or unpre­dictable events in bilat­er­al trade.

Noth­ing unusu­al here: those are pret­ty much the same things that any gov­ern­ment nego­ti­at­ing an FTA would be look­ing for, includ­ing Aus­tralia. The impor­tant ques­tion is whether MOFCOM means it when they talk about ‘speed­ing up’ the nego­ti­a­tions of these agree­ments.

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