Researching Into The Relationship Between Regional Trade Block And GATT/WTO Multilateral Trade System

Regional trade block appeared early in the middle part of 16th century and developed fast exceeding our expectation after the Second World War. Now,the number of regional trade block noticed to WTO grew to 160.For that reason we can conclude that this lends credence to the theory that regionalism is emerging as a parallel force to multilateralism in the international economic system. Then,the question appeared before us how the two economic systems harmonize themselves. This article focuses on this question mentioned above and author's views are clarified in the following parts of the article.I. The Concept and Types of Regional Trade BlockII. The history and the present development feature of regional trade blockIII. The value base of regional trade blockBase on the practice of regional trade block,the third part expounds the existing reason of regional trade block from the angles of politic,economic,history and culture. Thereby,the value base of regional trade block is revealedIV. The relationship between regional trade block and GATT/WTO multilateral trade systemTheoretically,the objective of regional trade block and GATT/WTO multilateral trade system is consistent;regional trade block contributes greatly to GATT/WTO multilateral trade system;GATT/WTO multilateral trade system also sets some detailed rules for regional trade block.V. The challenge of regional trade block to regional trade blockThis question is worried generally. The fifth part discusses it fully and accurately from the eagles as follows:First,the regional trade block challenge to the negotiation course of GATT/WTO multilateral trade system;Second,the regional trade block challenge to the Most-Favored Nation Treatment Rules of GATT/WTO multilateral trade system;Third,the regional trade block challenge to the dispute settlement system of GATT/WTO multilateral trade system.VI. The response to the challengeIn order to maintain the authority of GATT/WTO multilateral trade system,GATT/WTO multilateral trade system should responds to the challenge of regional trade block from the four points.VII. The relationship between China and regional trade block How does China confront the development of regional trade blocks?The seventh part sets these proposal as follows:keeping a foothold in the Asian-Pacific region;establishing selectively the regional trade block between China and the countries around us;creating the Big Chinese Regional Trade Block between PRC. Hong Kong;Taiwan and Macao.Chang-hai Yang (International Law) Directed by Pro. Li-hu Chen;Tong-xian Shen...