Study On Pan Beibu Gulf Sub-Region Economic Cooperation Under The Framework Of CAFTA

The advancing of Pan Beibu Gulf Sub-region Economic Cooperation is the furthering development of China-ASEAN Free Trade Area, and the bay of Ring Northern in both theory and practice in the new era. The Pan Beibu Gulf Sub-region Economic Cooperation refers to countries that overlook China and Vietnam across the ocean, including Malaysia, Singapore, Indonesia, the Philippines and Brunei. It is according to the concept of geo-economics and beyond mere geographic demarcation, which extends the bay of Ring Northern to neighboring countries opposite coasts. It also enriches the China-ASEAN cooperation platform, explores more rooms for the bilateral cooperation, and brings about new drives and contents.China and ASEAN initiated the process of dialogue and cooperation 15 years ago and implemented China-ASEAN Free Trade Area in 2004, which is the objective trend of the economic development in the world today. Against this background, putting forward Pan Beibu Gulf Sub-region Economic Cooperation on a full scale helps speed up the development of China-ASEAN Free Trade Area, deepen mutual understanding and expand China-ASEAN business ties. Pan Beibu Gulf Sub-region Economic Cooperation is equally of great significance in facilitating the construction of China-ASEAN Free Trade Area and a vital relating strategic conception, which will be of great significance of innovation and modeling effect.This paper analyses Pan Beibu Gulf Sub-region Economic Cooperation. Under the framework of China-ASEAN Free Trade Area, it plays the full role of'sea ASEAN'. Based on the foreign and domestic theories in region economic cooperation, it discusses strategic importance of Pan Beibu Gulf Sub-region Economic Cooperation from several points of view, which is followed by analyzing its foundation on the basis of interdependent theory, social capital theory and appropriate scale model. In addition, the method of SWOT is used to analyze the strength, weakness, opportunities and threads of Pan Beibu Gulf Sub-region Economic Cooperation. Then with systematic analysis ideas, charts and data, the main fields in which China engage in Pan Beibu Gulf Sub-region Economic Cooperation are studied from the angles of trade in goods and services. Finally, the paper gives some suggestions for the development of Pan Beibu Gulf Sub-region Economic Cooperation.