GeneralprinciplesofChineseforeigntradelawThePeople'sRepublicofChina shall promoteanddeveloptradingrelationswithallothercountriesandregions,establishorparticipateinagreementsoftariffunions,freetradeagreementsand otherregionaleconomicandtradeagreements andparticipateinregional economicorganizationsintheprincipleof equalityandmutuallybeneficial.Inforeigntrade,thePeople'sRepublicofChinashall,inaccordancewiththeinternational treaties or agreements that she has signed or entered into,grantthecontractualpartiesandparticipantsthemostfavornationornational treatment of China, or grant the most favor nation or nationaltreatment of China tothe counterparts in accordance with the principle ofmutuallybeneficial andequality.(Article5.)
General principles of Chinese foreign trade law ◦ The People’s Republic of China shall promote and develop trading relations with all other countries and regions, establish or participate in agreements of tariff unions, free trade agreements and other regional economic and trade agreements and participate in regional economic organizations in the principle of equality and mutually beneficial. ◦ In foreign trade, the People’s Republic of China shall, in accordance with the international treaties or agreements that she has signed or entered into, grant the contractual parties and participants the most favor nation or national treatment of China, or grant the most favor nation or national treatment of China to the counterparts in accordance with the principle of mutually beneficial and equality.(Article 5. )
FreeTradeAgreementsAFreetradeAgreement(FTA)isanagreementbetweentwoormorecountriesorregionswherethecountries/regionsagreeoncertainobligationsthataffecttradeingoods and services,and protections for investors and intellectual property rights,amongothertopics.。TheChineseGovernmentdeemsFreeTradeAgreements(FTAs)asanewplatformtofurtheropeninguptotheoutsideandspeedingupdomesticreforms,aneffectiveapproachtointegrateintoglobaleconomyandstrengtheneconomiccooperationwithothereconomies,aswellasparticularlyanimportantsupplementtothemultilateraltradingsystem.Currently(2024),Chinahas24FTAsunderconstruction,amongwhich16Agreementshavebeensignedandimplementedalreadyhttp://fta.mofcom.gov.cn/english/index.shtml
Free Trade Agreements A Free trade Agreement (FTA) is an agreement between two or more countries or regions where the countries/regions agree on certain obligations that affect trade in goods and services, and protections for investors and intellectual property rights, among other topics. ◦ The Chinese Government deems Free Trade Agreements (FTAs) as a new platform to further opening up to the outside and speeding up domestic reforms, an effective approach to integrate into global economy and strengthen economic cooperation with other economies, as well as particularly an important supplement to the multilateral trading system. ◦ Currently(2024), China has 24 FTAs under construction, among which 16 Agreements have been signed and implemented already. ◦ http://fta.mofcom.gov.cn/english/index.shtml
China's Free TradeAgreementsChina-Serbia FTA·China-lceland FTAChina-Ecuador FTAChina-CostaRicaFTAChina-NicaraguaFTAChina-Peru FTARegionalComprehensive EconomicPartnershipChina-SingaporeFTA(including upgrade)(RCEP)China-NewZealandFTA(includingupgrade)China-Cambodia FTAChina-Chile FTA(including upgrade)·China-Mauritius FTAChina-PakistanFTA(including secondphase)China-Maldives FTAChina-ASEANFTA(includingupqrade)China-Georgia FTAMainlandandHong Kong CloserEconomicandChina-Australia FTAPartnershipArrangementChina-Korea FTAMainland andMacaoCloserEconomicandPartnershipArrangement-China-Switzerland FTA
China's Free Trade Agreements •China-Serbia FTA •China-Ecuador FTA •China-Nicaragua FTA •Regional Comprehensive Economic Partnership (RCEP) •China-Cambodia FTA •China-Mauritius FTA •China-Maldives FTA •China-Georgia FTA •China-Australia FTA •China-Korea FTA •China-Switzerland FTA •China-Iceland FTA •China-Costa Rica FTA •China-Peru FTA •China-Singapore FTA (including upgrade) •China-New Zealand FTA (including upgrade) •China-Chile FTA (including upgrade) •China-Pakistan FTA (including second phase) •China-ASEAN FTA (including upgrade) •Mainland and Hong Kong Closer Economic and Partnership Arrangement •Mainland and Macao Closer Economic and Partnership Arrangement
Example:RCEPTheRegionalComprehensiveEconomicPartnership(RCEP)isafreetradeagreementRCEPamongtheAsia-Pacificcountries ofAustralia,BruneiCambodia,China,Indonesia,Japan,SouthKoreaLaos,Malaysia,Myanmar,NewZealand,thePhilippines,Singapore,Thailand,andVietnamThe15membercountriesaccountforabout30%oftheworld'spopulation(2.2billionpeople)and30%ofglobalGDP($29.7trillion),making itthelargesttradeblocinhistory.FormallysignedinNovember2020,cameintoeffectJanuary1,2022.。TheRCEPwasconceivedatthe2011ASEANSummitinBali,lndonesia,whilenegotiationsformallylaunchedduringthe2012ASEANSummitinCambodia
Example: RCEP The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement among the Asia-Pacific countries of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. The 15 member countries account for about 30% of the world's population (2.2 billion people) and 30% of global GDP ($29.7 trillion), making it the largest trade bloc in history. Formally signed in November 2020, came into effect January 1, 2022. ◦ The RCEP was conceived at the 2011 ASEAN Summit in Bali, Indonesia, while negotiations formally launched during the 2012 ASEAN Summit in Cambodia
RCEP