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The following article was published in our article directory on November 19, 2010.
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Free Trade Zone From Ideal Conversion More Realistic Process

Article Category: Business

Author Name: xia zihui

While the Group of 20 summit on the RMB exchange rate disputes occurred in attending the APEC meeting in Yokohama, Japan, the United States, Japan and leaders committed to promoting free trade. Leaders at a meeting called "Yokohama vision" of the closing statement, vowed to move towards free trade and, ultimately, the goal to reach the Asia-Pacific free trade zone.

The idea of the establishment of the Asia-Pacific free trade zone, not the first time this year. As early as 2006 Hanoi summit, the United States first proposed the idea to integrate the Asia Pacific region a number of bilateral and regional trade agreements. December 11, 2009 meeting of the APEC summit, "Leadership Declaration" also shows that the establishment will continue to study the feasibility of the Asia-Pacific free trade zone. Asia-Pacific free trade zone, once established, the region's trade will account for 44% of global trade, gross domestic product accounted for more than half the global economy.

This year, the economic weakness in Europe and other developed countries, emerging economies in Asia are all the way to rapid development of the lift as the main driver of global economic growth. Recently the International Monetary Fund structural change dramatically enhance Asia-Pacific and other emerging economies, say, the development of the Asia-Pacific free trade area prospects will naturally be more attention.

The declaration said that members resolve difficult in the world economy to recover, work together to regain growth momentum. "We remain committed to open markets," the declaration said, "We reaffirm cooperation and coordination support to the joint determination of the recovery."

Turning to the Asia-Pacific free trade zone, the Declaration said: "We have agreed that now is the time from the ideal of the Asia-Pacific free trade area into a more realistic vision." "We demand the APEC to take concrete measures to achieve the Asia-Pacific free trade zone. This is to further promote economic integration in Asia Pacific the main carrier. "

This year is set in 1994, the "Bogor Goals" of the first phase of standards. "Yokohama Declaration" recognized that APEC United States, Japan and other developed members this year, not 5 standards.

Japanese Prime Minister Naoto Kan, the host read the Declaration of the General Assembly, referring to APEC free trade will continue to be core values, the economic experience of efforts to achieve regional economic integration. However, the construction of the Asia-Pacific free trade zone is still facing numerous difficulties, not overnight.

Leaders also admitted that they could not remove barriers to regional trade and investment to achieve a "milestone" progress in the implementation of free trade and said the road is still long. Declaration said some of the region, significantly reducing tariffs, but still balanced between the various fields, including finance, communications, transport and mobility professionals still have many restrictions. Leaders said that the need for reform in order to achieve uniform standards, protection of intellectual property rights, to promote the goals of transparency in government procurement.

APEC summit did not reach a new large-scale agreement, impede free trade in promoting the world's major obstacles still exist. Countries in the world experienced a financial crisis, lowering tariffs on a more hesitant approach, developed and developing countries on issues such as differences in agricultural tariffs are still deep.

The establishment of the Asia-Pacific free trade zone would endanger Japan, Korea and other countries of the farming population, because the two countries are subject to high tariffs on many agricultural protection. Therefore, the eve of the APEC summit, 3,000 Japanese farmers and fishermen took to the streets of Tokyo to protest Japan's accession to promote free trade, "Pan-Pacific Strategic Economic Partnership Agreement", worried about price competition caused.

South Korea and Japan has been highly protected agricultural products, much higher than international market prices, they would have great impact on the reform, however, as a large agricultural country, agriculture is very sensitive to this one very carefully, and in some have been put On agricultural products, such as soybean, 60% -70%, we rely on imports, logistics, price and so was monopolized by foreign investment on domestic issues arising is great. However, free trade throughout the Asia Pacific region is still very difficult to integrate, APEC meeting in Yokohama, though leaders agreed on a vision, but it just moved, not to the actual operational phase, or to retreat primarily for future development provides some ideas.

However, two important summit so "immediately" with the special "space" meaning, and historical trends can be described as a common trend of the times created, containing the Beginning of a new international order. In the post-crisis era, or money to fight the battle of trade war, not a single winner, China will face a more complex situation, but also promised to do more.

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