China - Asean Free Trade Area Set Up Obstacles And Countermeasures Choice

Economic globalization and Regional economy grouping are important development trends of the international economy. The geographic position of China and ASEAN countries allows trade and economic co-operation to have special comparative advantage. On November 4^th, 2002, China signed "the Framework Agreement on China-ASEAN Comprehensive Economic Co-operation "with ASEAN counties, which symbolize the construction of China -ASEAN Free Trade Area will launch in an all-round way. It is a milestone in China-ASEAN relations. It will not merely promote the regional economic co-operation of East Asia, but also have an important influence on the economic development of the world.It is particularly complicated and systematical program to establish China-AESAN Free Trade Area. China -ASEAN Free Trade Area has the largest area and population among all existing Free Trade Areas. It will become the largest market in the world. In contrast, it will be very hard to find common goals as each country has dissimilar trading system.The China -ASEAN Free Trade Area not only strengthen China-ASEAN intimate and friendly relationship , but also develops both parties' economy, expands markets, encourages co-operation and increases competitiveness of local enterprises. In founding China-ASEAN Free Trade Area, China and ASEAN countries would share more benefits of economic globalization, meet the challenges, make an important contributions to the whole world, and Asia in particular.