The fast development of economic globalization accelerates the trend to regional integrated economic. But, the development of regional integrated economic is not balanceable in the world. Compared with the area of West-Europe and North-America, the regional integrated economic in East Asia, especially for three countries of China, Japan and Korea which occupy 90 percent of economical gross of East Asian countries, goes slowly. It is not accordant with the economical level and position of three countries in the world. After the frame agreement on building Free Trade Area (FTA) between China and Association of Southeast Asian Nations (ASEAN) was subscribed at 2004, the cooperative perspective among China, Japan and Korea became noticeable. Based on above presentation, the conceptions of China-Japan-Korea FTA are taken as the object to discuss the background, economical effects, existing problems, future and suggestions of establishing the China-Japan-Korea FTA in this thesis.
In this thesis, based on the definitions of FTA, the current situation of FTA development and related backgrounds of building China-Japan-Korea FTA are described detail. The strategy and realistic importance of establishing China-Japan-Korea FTA are explained through the era development, economic match and reasonable political air. Then, the effects resulted from FTA and the works needed to do for building FTA are analyzed. And the conclusion of “the forming of China-Japan-Korea FTA can optimize the economical structures of three countries, enhance the competition of products of the three countries and become more important in the platform of world economic” is draw. At last, the material suggestions for how to build China-Japan-Korea FTA are proposed. These suggestions include mainly forming multi-level and multifarious talking and cooperative mechanism, developing preferentially the cooperation in companies and industries and striving for political trust actively.
The FTA is an important embodiment of regional integrated economic. The definition, effects and development of Free Trade Agreement are introduced in the first chapter. The author thinks that the free trade agreement means that the law files set-up in two or more custom areas. The free trade area is the region formed by two or more custom areas based on the free trade agreement. The custom and other limit measures on trade are cancelled practically. The building of FTA will reduce the custom, promote the trade and produce the static effects including positive trade creation effect and negative trade transfer effect among countries in the region. The building of FTA also produce more extensive and long-term dynamic effects, increase the possibility of realizing scale economy of industries, stimulate the competition of market, optimize the arrangement of resources and improve the investment environment.
The related background and necessity of establishing the FTA in China, Japan and Korea are described in the second chapter based on the development situation of East Asia FTA. The strategies of China, Korea and Japan are analyzed. The era development, strong match among the economic, industrial structure and resources of China, Japan and Korea, and reasonable political air all clarify the necessity of promoting the economical collaboration and building regional integrated economic. The author thinks that the forming of the China-Japan-Korea FTA has strong strategy and realistic importance based on the fast development of regional integrated economic in the world, the practical development of East Asia economical cooperation and starting to plan individual FTA strategy in the three countries.
The economical effects resulted from China-Japan-Korea FTA are analyzed in the third chapter. For China, the forming of FTA will improve the environment for foreign trade, push the development of foreign trade, increase the quantity and quality investment and elevate the international competition of Chinese enterprises. But, at the same time, FTA will make Chinese companies and markets to face stronger competition and risk from economical cooperation. For Japan, the forming of FTA will increase slightly the real GDP, enlarge the trade surplus to Korea and China, get great impact in agricultural products, garment and fishery product. For Korea, the forming of FTA will increase the GDP, enlarge the trade surplus to China and trade deficit to Japan. The dynamic economical effects to Korea resulted from FTA is the most inconspicuous among the three countries. Generally, the establishment of China-Japan-Korea FTA can accelerate the economical cooperation in Northeast Asian area and the forming of East Asian economic community, influence greatly the economical and industrial development of three countries, and enhance the dependence on each other.
The developing prospect of China-Japan-Korea FTA is discussed in the fourth chapter. Through the trade volume increase year by year between China and Korea, Japan and Korea, China and Japan, the proportion of trade among the three countries are still small, which demonstrate that the cooperative potential in the three countries is great. The mutual complement features in production factors and industrial structure will optimize the resources. The relationship among China, Japan and Korea is close in geography, history and culture. All these factors supply material base and opportunity to the building of China-Japan-Korea. There are still disadvantageous factors to establishing the FTA. These problems include the different standpoint to FTA, the diversity in economical level and economical system, the difficulty in opening the agriculture products and the political conflict. If these problems could not be resolved effectively, the economical cooperation and the course of establishing the China-Japan-Korea FTA will be baffled considerably.
Based on the status of economical cooperation and existed problems, the suggestions are proposed for driving the development of China-Japan-Korea FTA. These suggestions include: mapping out the corporate-win FTA scheme. The cooperation in two sides can be used to drive the cooperation in three sides after the FTA framework is agreed; optimizing the economical and trade structure, improving the trade deficit in the three countries, replacing the traditional cooperative method of “perpendicularity- complementarity” in industrial structure with “level-division”. The three countries should apply individual advantages to develop the market outside the region and to elevate the competition of products; forming multi-level and multifarious talking and cooperative mechanism. The establishment of FTA needs that the politicians recognize the situation, the enterprisers exploit the new fields continually, and the researchers find problems and propose valuable suggestions; developing preferentially the cooperation in companies and industries and fasting the FTA course. The cooperation in partial industries and companies will influence and drive other companies and industries, and accumulate the experience for establishing the FTA; striving for political trust actively, facing reasoningly current political problems. The three countries should build trustable and dependent relationship which can supply reliable political guarantee for establishing FTA.
Generally, closer economical and trade relationship, unparalleled geography politics and economy and similar historical and cultural background supply material elements and conditions for establishing the China-Japan-Korea FTA. The forming of China-Japan-Korea FTA will optimize economical and trade structure and bring bigger profits for three countries. There are still adverse factors to course of economic cooperation in the three countries. China, Japan and Korea should take reciprocity as principle, explore actively the effective cooperation mechanism, advance step by step, clear up the obstacles, set-up the China-Japan-Korea FTA and accelerate the prosperity of East Asian economy.
Key words: Regional Integrated Economic Development Network; Free Trade Area; China-Japan-Korea