Analysis On Feasibility Of East Asian Free Trade Area

Since 1950s, along with the rapid development of Economical Globalization, the tendency of Regional Economic Integration becomes obvious. In Asian, European, African, Americas and Oceania's, as well as between cross continent some countries and the area all establish the Free Trade Area, the Customs Union and the Common Market and many other kinds of types regional economic integration organizations. In the economic geography, the Asian area is divided into east Asian, the central Asian, west Asian and the south Asian. East Asian includes China, North Korea, South Korea, Japan as well as the Association of Southeast Asian Nations. This article elaborates the East Asian Free Trade Area question involves the region scope is precisely this East Asian area. The economic development of countries and regions in East Asian is the fastest in the world which has strong economic potentiality, the economical scale quities also big, thus it is called one of three tectonic plates of the world economics pattern. However, EU the economic integration is unceasingly thorough in the European Union, the North America Free Trade Area (NAFTA) expands to the Free Trade Area of the Americas, besides the growing of Association of Southeast Asian Nations Free Trade Area (AFTA) and APEC, it does not have formed the coverage bigger area economic cooperation mechanism. This kind of condition caused the East Asian country to be at the disadvantageous position in the international competition, so loses great free trade benefice. In recent years, the East Asian country further realized the urgency of the establishment of the free trade area, and the importance of regional economic integration, and the free trade area cooperation step. This article analyzes the theory and practices in world economy regions, shows a picture of establishment of East-Asia Free Trade Area taking into consideration of the present economic and trade status in East Asia countries, and is composed of four topics. firstly,elaborates the theory support of the establishment of free trade area ,then separately introduces free trade area establishment basic situation of Asian, European, the Americas and Africa's, also narrated the East Asian area economical trade cooperation situation, has analyzed superiority of this free trade area, namely it establishes condition, also proposed the barrier, finally points out the way to Free Trade Area and the influence to economics .