| China’s trade surplus remained around　$ 200 billion since it has exceeded $ 100 billion in 2005. China’s trade surplus even reached $ 298.13 billion in 2008,$ 155.13 billion in 2011 and $ 230.31 billion in 2012. With the total volume of import and export trade valued at over $ 4160 billion in 2013, China has become the largest trading country in the world and the first one to reach the total trade volume: $ 4000 billion which create a miracle in the world trade history. However, with the persistent rising costs of labor, land and other factors, the competitiveness of the traditional labor—intensive industries constantly erodes, the comparative advantages of the high — end manufacturing have not been established. Meanwhile, with the global trade protectionism emerges, China is the biggest victim of global trade protectionism in recent years. More importantly, the constant growth of China’s volume of foreign trade caused a heightened alertness in developed economies such as the United States and Europe. As an important component of the "Pivot to Asia" strategy of the US, the negotiation process of TPP continues to accelerate in recent years. Especially for the intellectual property protection, competition policy, labor standards and environmental standards, etc., they are key factors which we need to consider when we construct regional trading system and develop foreign trade policies.TPP is an important component of the current "Pivot to Asia" strategy of the US, which is responsible for helping the United States to make rules to re — dominate the world trade. It sets up a high requirements for the TPP members in several areas, such as intellectual property protection, competition policy, labor standards and environmental standards. If these contents can be promoted in other regional trade agreements, then China must take account of the building of a regional trading system and making foreign trade policies.The current researches related to TPP or regional trade agreements simplely foscused on wether China should join the TPP negotiations and how to carry out regional trade agreements with neighboring countries. While the researches on the foreign trade policies only concern the feasible and practical effects of these policies and ignore the international environment. Fragmented view of strategies of chinese regional trade system and the foreign trade policies will make research in these two areas lose practical value. In this case, according to the progress of the TPP negotiations and the the content of the text related to the agreements, we will adopt a dynamic response to it, so as to better promote the feasibility, relevance and forward—looking of the foreign trade and taxation policies.Based on the above background, this thesis attempts to answer the following questions:what are the development status of China’s foreign trade and comparative advantages? What are the effects of the current support to the use of fiscal policy to foreign trade? What are the problems for the current support the use of fiscal policy in foreign trade and what are the challenges when dealing with TPP? How to use fiscal policy to continue support China’s foreign trade when dealing with TPP? By studying the above questions, the thesis comes to some important conclusions:(1) China’s comparative advantages are mainly concentrated in the low —skill —intensive industrial products. And due to a greater policy intervention, the displayed index of export comparative advantage are bigger than the actual index of comparative advantage. This also shows that the export — oriented development strategy of China plays a certain role on the support to the low — technology — intensive industrial products.(2) The tariff policy has a protective effect on China’s domestic industry. However, with the continuous improvement of China’s trade competitiveness, while enjoying preferential tariffs which developing countries should have, China also needs to take more and more responsibilities, to gradually reduce tariffs, to promote free trade, to assume responsibility for major powers and led trade development surrounding areas mong a number of countries by region trade agreements within a certain range. The effect of the export tax rebate policy depends on the complete chain of value—added tax. The major goal of the export tax rebate policy is maintain stable export and optimize the structure of export. The tax rebate policy under tax rate differences are indeed optimized the export structure. Due to its free of metastatic spending, the financial subsidies might cause distorting effects on trade, thus it led to the WTO constraints on the behavior of financial subsidies. The R&D subsidies belong to non — actionable subsidies, the use of R&D subsidies can support technology — intensive industries, enhance technological comparative advantages and enhance the international competitiveness of China’s high — tech industry. The three policies vary widely formally. However, from the perspect of foreign trade support, they are closely intertwined. In order to support China’s foreign trade development, only coordinate the tree policies, can we optimize trade structure and enhance the competitiveness of trade policy.(3) After the TPP agreement is reached, the difficulty of using the existing taxation tools to achieve some policy goals may intensify. Tariff reduction is the focus of any regional trade agreement negotiations. This necessarily requires China to accelerate the pace of reductions in MFN tariff rates and conventional tariff to win support from more trading partners. Under the action of rules of origin, the effect of the export tax rebate policy to stabilize exports might be weakened. When strengthening trade and economic cooperation, the TPP members will launch sanctions against the behaviors of non — member countries which not meet the high standards of the TPP agreement. The supporting policies taking financial subsidies as the main way will cause Trade litigation and feeding behavior of each TPP members.(4) Before the TPP is reached, they mainly resolve the problems of the fiscal policy in the support of the foreign trade to achieve the best effect of these policies. The connotation of the tariff policy optimization is to realize the protection function of the tariff policy on the pillar industries and strategic emerging industries as well as to promote technological innovation and technological upgrading of high — tech industries. The key of the export tax rebate policy is to continue to play its important functions to optimize trade structures on the basis of upholding the differential export tax rebates. Setting up subsidy payment mechanism which do not violate international rules is the core of fiscal subsidy policy optimization. Meanwhile, we should enhance spending on science and technology to support the research and development activities of enterprises, make full use of the powerful role of R&D subsidies in support expansion and optimization and upgrading of high—tech industries.(5) As for the medium and long term foreign trade policy, the focus is to enhance the value creation of our manufacturing in the international division. This requires the productive service industries gradually play a productive role in enhancing trade competitiveness, take the VAT as an entrypint and perfect chain of VAT deduction. At the same time, we should increase the coordination of efforts with neighboring countries and take this as a solution to the isolated problems in regional trade system in our country caused by TPP agreement. In addition, in response to labor standards, environmental standards, using fiscal policy to deal with specific issues can get good policy effects.
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