In order to deepen and expand Sino-Russia cooperation in business and trade comprehensively and vigorously, China and Russia should set up free trade area, especially in the situation of financial crisis, which is not the right choice for the two countries to carry out the trade-protecting policy, but consultation of regional free trade arrangements, and work together to deal with the crisis. This paper analyzes the necessities, advantages and the main obstacles of Sino-Russia setting up free trade area, making an aggregate analysis on the modes and effects of the world's major free trade area, proposing and demonstrating the pattern framework and implementation path of Sino-Russian free trade area, propounding the strategic thinking to promote setting up Sino-Russia free trade area and the basic points and reasons for China and Russia to arrange regional free trade under the circumstance of financial crisis. |