Construction Of Dispute Settlement Mechanism Of China And South Korea

Economic globalization and regional economic integration have been two irreversible trends in the world. In which regional economic integration has become a modern world economy the most important form of organization. Dispute settlement mechanism provided a guarantee for the effective functioning of the regional economic integration organizations.In a certain sense, It is this mechanism of regional economic organization which makes a set of trade rules play the actual effect of operational rules.After China and South Korea established diplomatic relations in 1992.As the state had more and more common interests, Rapidly increasing volume of trade. China and South Korea has became economically strong and representative national in the Asia-Pacific region, But it has exposed the many problems.such as trade disputes has Appeared in large numbers. Accordingly, China and South Korea's economic cooperation, scholars in China and South Korea have held a number of international seminars.However, both regional economic cooperation among the relevant system is still a lack of dispute settlement mechanism. And dispute settlement, is directly related to regional cooperation in the vital interests of all parties and regional security. This article will help improve the legal framework.Therefore, This article firstly describes China and South Korea trade dispute settlement and the establishment of the status and characteristics.in the analysis of the existing dispute settlement of China and South Korea, By using comparative analysis, I propose the point of view about the Construction of Dispute Settlement Mechanism of China and South Korea. finally This article is Focus of the Construction of Dispute Settlement Mechanism of China and South Korea. By analyzing several typical international trade dispute settlement mechanism, I found that China and South Korea trade dispute settlement mechanism of the building with the North American Free Trade Area similarities. While I believe that WTO dispute settlement mechanism has a lot of defects, But the WTO's dispute settlement mechanism does provide the legal reference which dues to its many advantages for both parties to resolve the dispute, on the basis of the North American Free Trade Area and WTO dispute settlement mechanism, Combined with the actual situation of the region,I detail the Construction of Dispute Settlement Mechanism of China and South Korea.