Construction Of Sino-australian Bilateral FTA

Sino-Australia FTA negotiations to establish favorable conditions for both Australia andChina so deep trade basis, but there are still some problems to be solved. Fundamental aspectsof trade, and Australia established diplomatic relations since1972increasingly closeeconomic and trade exchanges between the two countries, especially the rapid increase inbilateral trade between China and Australia after the reform and opening up, with theestablishment of FTA’s economic base.In this paper, the status of economic and trade relations and Australia, the Australia FTAestablished the necessity and feasibility analyzes, systematic basis for comparing the tradebetween China and Australia, the industrial advantages, the use of trade intensity index,RSCA index and measurement quantitative analysis of the characteristics of the model in theAustralian trade, constraints, and simulate the impact of Australia since the establishment ofthe elimination of tariffs on trade zone between China and Australia.This paper studies the content and viewpoint are: First, the establishment ofSino-Australian FTA have a deep foundation of trade and investment base is conducive topromoting China-Australia FTA signed and further consolidate bilateral economic and tradecooperation. The second is the establishment of China-Australia FTA, although has deepeconomic and political foundation, but the establishment of Sino-Australian FTA barriers stillneed further consultations between China and Australia and promote solve established. Third,after establishing a free trade zone from the qualitative point of fancy Australia can reap theeconomic effects of static and dynamic economic effects as well as some non-traditionalrevenue; From a quantitative point of view, after the establishment of Sino-Australian FTAwith China’s total economic output expanding to increase investment in China and Australiato further reduce tariffs in Australia, there will be a significant increase in China’s exports toAustralia. Fourth, there will still be obstacles to Australia since the establishment of free trade zone factors, economic factors are mainly Australia and its impact on the two countries toestablish FTA vulnerable industries, unequal trade status in Australia, when trade frictionshave occurred, and Australia has been the impact of the FTA. There are also affectingAustralia’s political system and its diplomatic and other political factors. Fifth, on the basis ofthe above analysis that the two sides have to make efforts to continuously push forward theprocess of its establishment, for example, should be strengthened within theAustralia-industry trade, economic and trade cooperation between the two countries toenhance stickiness. Improve the level of technological innovation to achieve industrialrestructuring and upgrading. Accelerate FTA negotiations with neighboring countries,increasing our initiative in Australia in the FTA negotiations. Australia to expand exchangesbetween enterprises, expand awareness so that Australia vendors recognize China’s marketpotential. In short, the establishment of China-Australia FTA from the economy to China andAustralia to bring huge economic benefits, in politics also reached Australia FTA will furtherpromote the integration process of the Pan-Pacific region, but also to the realization of China’sAsia-Pacific political strategy areas.