Ever since the World War Two, economic globalization and regional economic integration have been the two growing trends of global economic development. Especially the recent years, with the deepening development of economic globalization, regional economic integration is on rapid rise in form of regional trading arrangements.As one of the important regional trading arrangements, Asia-Pacific Economic Cooperation (APEC) has made outstanding contributions in promoting trade and investment liberalization and economic and technical cooperation since it was established. With the development of regional trade, the disputes between parties are also increasing,so APEC must face the reality on how to consummate its dispute solutions. This article in perspective of APEC dispute resolution using the theories of legal economic and the value of law and the comparative research methods, attempts to study and research how to consummate APEC dispute solutions.Chapter one introduces the basic knowledge of regional trade arrangement and the international dispute solutions, indicates regional trade dispute solutions being an integral part of the arrangement and the development trend of regional dispute solutions. This part of content paves the way for the following analysis.Chapter two looks into the history and the legal characteristics of APEC, also clarifies the status and practice of APEC dispute solutions. On the basis of above-mention, it summarizes and analyzes the defects of APEC dispute solutions.Chapter three puts forward a sound vision of the APEC dispute solutions, which is the core and innovative part. After analysis of the APEC dispute solutions, combination theory of legal economic with the value of law, and demonstrate the necessity and feasibility on consummating APEC dispute solutions. At the same time, it discusses the considering factors from the perspective of the theory of value of law on how to consummate APEC dispute solutions, compared with other regional trading arrangements, and proposes the suggestions on how to consummate APEC dispute solutions.Chapter four, as one of the APEC's important member, China should actively involves into the dispute solution negotiations, definite the policies and actively prepare for it in advance. Only in these ways, can we stick our benefits during the process of dispute settlement.
|