Analysis Of China-Japan-Korea FTA Establishment

The deepening of economic globalization, regional economic integration has become one of the main trends in the development of the world. The European Union, North America, northeast Asia is currently the world three big economic sector, but compared with other two plates of east Asia, although the fastest economic development, but the construction of free trade zone is relatively slow, especially as the most powerful of the three east Asian nations-China, Japan, South Korea, China-Japan-Korea FTA build has not optimistic. So, in the background of world economic integration and regional economic integration, the construction of China-Japan-Korea FTA is necessary and feasible, but also of great urgency. But what is the effect of China-Japan-Korea FTA based on the three economic, how to establish the potential of and what are the main influence factors, these problems need to penetrate into the analysis, this will provide some Suggestions to promote the trade between China, Japan and South Korea to establish.In this paper, on the basis of the existing research discussing the necessity of China-Japan-Korea FTA construction, realize the China-Japan-Korea FTA construction is an important measure to adapt to the trend of regional economic integration, but also need to enhance the competitiveness of regional economy in Northeast Asia, this is an important force to promote economic growth in Japan and South Korea and is conducive to the full sharing of regional public goods. The static economic effects of China-Japan-Korea FTA construction and dynamic economic effect was studied on the basis of this, thus providing a theoretical foundation for the construction of China-Japan-Korea FTA. Then use the trade intensity index, trade openness index quantitative analysis, obtained in recent years in Japan and South Korea trade continues to deepen trade continues to expand the scale, optimize the structure of trade, trade close and open degree increased, provide a realistic basis for the construction of China-Japan-Korea FTA. But the potential trade by trade gravity trade of Japan and South Korea still needs to explore the conclusion affirms the importance of free trade area construction. According to the difference of economic development, frequent trade friction, the protection of sensitive industries, the industrial division of labor is not reasonable, finance, investment and development lags behind economic cooperation and other factors China-Japan-Korea FTA construction, put forward to accelerate FTA construction of the "six principles", namely the win-win principle, the principle of market competition, seek common ground while reserving differences, equality and mutual benefit principle, equilibrium the principle, reasonable compensation principle and the principle of gradual and orderly progress. Japan and South Korea Free Trade Area of the construction of "the three way", that is to establish a bilateral FTA, to attract third-party add, the establishment of a free trade zone, is retained between Japan and South Korea the ASEAN as an opportunity, with the aid of "10+3" platform for the establishment of the free trade area. And put forward the strengthening of economic cooperation, economic development, the establishment of trade balance and coordination mechanism, and properly resolve trade frictions, flexible vulnerable sensitive industries, and properly handle the differences, optimize the industrial structure, speed up industrial upgrading, promote the reform of the financial system, a reasonable guide FDI to "five suggestions".