Research Of The Formation Of Free Trade Area Between China And The Gulf Cooperation Council

The situation in the world from the point of view of today’s economic development, economic development, global Chinese regional economic integration has become a trend in the future of the two major world economic development. Especially since the 2008 global financial crisis, countries suffered a big blow to the economy, which led to trade protectionism in some countries or regions rise. In this context, more and more countries began to seek, by way of multilateral economic cooperation, reduce trade barriers.GCC has a very prominent strategic oil resources, while China is the world’s second largest oil consumer, cooperation between the two has a very important strategic significance. In addition to the cooperation of the oil field, both still in service trade and other trade in goods has a broad space for cooperation, not only to consolidate our strategic position in the Middle East, but also help to promote diversification of the GCC countries, establish the "South-South cooperation," the new model.Taking China and the Gulf Cooperation Council set up a free trade area as a research object, the first free trade theory and China’s FTA strategy put forward and evolution-related problems were analyzed, and laid a solid theoretical foundation for the study of the full text.Then, a retrospective analysis of the specific process of the formation of the Gulf Cooperation Council FTA with China’s current situation and the negotiations on the basis of using the method in the empirical analysis of China and the Gulf Cooperation Council to form the basis of a free trade zone trade, economic complementarily conducted a preliminary analysis of, and by the trade deficit, the economic structure of trade friction and the six countries of the GCC analysis found hinder China and the Gulf cooperation Council established the existence of barriers to free trade zone. Several aspects of effective energy cooperation mechanism Finally, the results of empirical analysis on China from export structure were changed to reduce trade barriers, to build a more rational organizational structure and build bilateral cooperation to explore the path to solve the above obstacles.For this study we hope to better understand the issues related to the components on the Gulf Cooperation Council Free Trade Area, and to develop a more comprehensive cooperation strategy can provide some reference and reference.