Study On Legal System Of Regional Economic Integration

Economic integration is irreversible in the world today. In general, there are two kinds of forms about the trend of economic integration: one is global economic integration which is the global multilateral trade negotiations, many countries reduce tariffs and remove non-tariff barriers to have multilateral trade rules and achieve consensus, and ultimately realize multilateral global trade and liberalization. The world economy is getting integral formation of the organic one; the performance of another form is regional economic integration, which is some countries nearby or across geographical regions through the mutual preferential trade arrangements establish trade community or economic community, in order to achieve liberalization of trade between these countries. In recent decades, regional economic arrangements develop rapidly both in the scope and in the extent. Both developed and developing countries have joined a variety of surrounding area or cross-regional regional economic organizations. Therefore, this thesis will focus on the area of regional economic integration to research the problem of regional economic which is necessary and has important practical significance also.According to the World Trade Organization's official statistics, nearly 90% of countries and regions belong to different regional economic arrangements. As of July in 2005, there are 330 free trade agreements have been filed with WTO and GATT. Among them, the European Union (EU) and North American Free Trade Area (NAFTA) are the most developed regional arrangements which make good examples and provide qualities of valuable experience for other regional organizations. As a success regional model, the internal unity and integration of the EU is unmatched by any other free trade area. As the world's first organization for economic cooperation and development between developed and developing countries, the North American Free Trade Area has unusual significance in the exploration of North-South cooperation model. Now, we also speed up FTA negotiations with the relevant countries, and China - ASEAN Free Trade Area (CAFTA) is the most success among them. In accordance with the relevant agreements have been signed , China - ASEAN Free Trade Area-which was built up in 2010-is the most populous countries and provides the largest number of GDP and trade among all free trade areas.This paper is divided into three parts in general, after the detailed description of the dialectical relations between economic globalization and regional economic integration, respectively, through the analysis of four aspects of European Union and the North American Free Trade Area on the basis of successful experiences about historical geography, economic background, institutional settings and operational, legal institutional arrangements and dispute settlement mechanism, compare these two kinds of law model of regional economic arrangements from different aspects and final come to the conclusion that there is some thoughts and recommendations which is conducive to further improve the legal system of the China - ASEAN Free Trade Area, in order to meet the need of normative Free Trade Area, safeguard the constant improvement of China - ASEAN Free Trade Area, make the largest developing country free trade zone in the world develop smoothly, enhance regional cooperation and economic development of member countries, and have a positive impact on the world economy.