International Journal of Frontiers in Sociology, 2023, 5(11); doi: 10.25236/IJFS.2023.051109.
Ren Zexin
School of International Economics and Trade, Lanzhou University of Finance and Economics, Lanzhou, China
Since the establishment of bilateral relations with China, the EU is China's largest trading partner, export market and source of technology introduction. In addition to the high-level economic and trade dialogue, China and the EU also have dialogue mechanisms such as the Mixed Committee on Economic and Trade, trade policy, intellectual property rights and competition policy.With the development of economy and the progress of the times, the relations between China and the EU should also have further changes, and the establishment of a free trade area is just around the corner.The next five years will be a formative period for China's large market of service consumption and a reshaping of the European Union's long-term growth drivers. Based on the economic development status of China and the European Union, this paper analyzes the significance and existing problems of the establishment and concludes that China has the conditions to establish a free trade area with the European Union, and China and the European Union also have the intention to establish a free trade area. The advantages of establishing a free trade area outweigh the disadvantages, so the feasibility of establishing a free trade area between China and the European Union is very large in the next 5-10 years.
Free trade area; European Union; Feasibility
Ren Zexin. The Possibility of a Free Trade Area between China and the EU. International Journal of Frontiers in Sociology (2023), Vol. 5, Issue 11: 55-59. https://doi.org/10.25236/IJFS.2023.051109.
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