Legal System Of Sino-Russian Regional Economic Cooperation

In the framework of WTO rules, regional economic integration organizations have been developing gradually. The European Union and the North American Free Trade Area as the representative of the regional economic organizations in the promotion of economic cooperation and development of the members have scored remarkable achievements, became the model of other countries in the world. China and Russia have greater economic potential as world powers, in the economy have strong complementarily; it is very possible in the future to establish a free trade zone between the two countries, However, both China and Russia are all in transition of economic system, a suitable legal system for the economic development did not promptly established; the imperfect legal basis caused a lot of problems in economic cooperation, affecting the further development. China's accessed to the WTO, Russia will access the WTO soon. it is a good opportunity for Sino-Russian economic cooperation. The two countries in accordance with WTO rules and commitments, have improved the country's goods, services, intellectual property rights, investment, and other aspects of the law, amending some provisions which do not comply with WTO rules, and signed a cooperation agreement in the economic and judicial areas to make the development of Sino-Russian regional economic cooperation will have a more solid legal basis. in accordance with the actual situation of Sino-Russian bilateral economic cooperation and request of the future free trade zone. On the basis of the existing legal and cooperation agreements, in further revision the two countries can adjust domestic laws and regulations, change the vague laws of the two countries and the practice of excessive interference with the human factors problems, and continue to improve the legal system for foreign trade, to meet the WTO needs. At the same time learn from other free trade zones in the experience of the legal system, the establishment of a bilateral mechanism for the coordination of related departments, improve domestic conflict rules, strengthen the cooperation between the legislative and the judiciary departments, and singed the bilateral trade agreement even free trade agreements, in the region within a concessionary tax rate of goods, services and capital flow, defined the bilateral trade dispute settlement mechanism, establish the legal basis for the Sino-Russian free trade zone to promote the economic development of the two countries.