The Features of China's Recent FTA and Their Implications: An Anatomy of the China-Korea FTA

Asian Journal of WTO & International Health Law and Policy, Vol. 11:1, 2016

40 Pages Posted: 13 Apr 2016 Last revised: 6 Jun 2016

Heng Wang

The University of New South Wales

Date Written: April 12, 2016

Abstract

The paper analyzes the following questions from a Chinese perspective: what are the characteristics of the China-Korea FTA? And what are their underlying considerations and implications? It argues, first, that the China-Korea FTA is characterized by expanded coverage, highlighted focus on services and investment, increased non-trade concerns of competition and environment, and enhanced good governance norms. Generally the features are not fully developed largely due to the gentle pace of the China-Korea FTA. Among the features, good governance is more salient than others. Second, these features may be attributable to a variety of factors, particularly the response to trade practice and disputes, the impact of other trade agreements, and the need of economic transformation of China. Third, these characteristics may face challenges particularly those regarding the implementation and interpretation of relevant obligations. Finally, these traits may represent some of the future direction of China’s FTAs, and the goal of a high-level FTA will remain a guiding force. New development will be made in areas such as services and investment. Besides relevant initiatives of China, mega FTAs may have more impact.

Keywords: China-Korea FTA, features, mega FTAs, good governance, non-trade concerns, services, investment

Suggested Citation

Wang, Heng, The Features of China's Recent FTA and Their Implications: An Anatomy of the China-Korea FTA (April 12, 2016). Asian Journal of WTO & International Health Law and Policy, Vol. 11:1, 2016. Available at SSRN: https://ssrn.com/abstract=2763641

Heng Wang (Contact Author)

The University of New South Wales ( email )

Faculty of Law
UNSW
Sydney, NSW 2052
Australia
+61 2 9385 9472 (Phone)

HOME PAGE: http://www.law.unsw.edu.au/profile/heng-wang

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