Research On The Construction Of High Standard Trade Investment System In China's Free Trade Area

With the establishment of China's eleven major free trade zones and the implementation of negative inventory policies.China's “second opening” has entered a new phase.On March 31,2017,the State Council approved the establishment of seven free trade pilot zones in Liaoning,Zhejiang,Henan,Hubei,Chongqing,and Sichuan to promote “1+3+7”."The free trade zone model,a strategic new pattern of the free trade zone from the coast to the middle and then to the west,China's free trade zone reform led by opening up has gone from being "going the same step" to entering the "wild goose" model,sprinting high international standards for free trade.system.The listing of the fourth batch of free trade zones marked the official birth of China's “Free Trade Zone 3.0”.However,whether China's implementation of the negative inventory policy is effective in establishing a free trade zone or not,how to draw on the experience of domestic and foreign free trade zones,whether the current implementation of the policy model is effective,and how to better connect with international high standard trade and investment regulatory system,academia No definitive conclusion has yet been reached.This paper tries to adopt a method of close integration between theoretical analysis and empirical research.First of all,it explores the development status of the international high standard trade and investment system.It is divided into three major sections: negative list,labor standards,and service trade.This analysis focuses on international comparisons.The four negative policies on the negative list found that the negative list system was the most important issue in the high standard international trade and investment system.Labor standards and service trade related policies were all based on the negative list policy system;then,this article compared and analyzed China.The status quo of the current development status of the free trade zone summarizes the development status and existing policies of the four major free trade zones in Shanghai,Guangzhou,Tianjin and Fujian.It has been found that the four major free trade zones have established a list based on local development characteristics.Trade and investment policies,but different FTAs are different.Following the comparison between the international and China's existing free trade areas,we found that there are certain differences and gaps in the existing policies and international high standards of the China Free Trade Zone in the negative list system,labor standards,and trade in services.The empirical part conducts empirical research on the most important negative list policies in the FTA,systematically analyzes the correlation between FDI inflows and negative inventory policies,and sorts out the relevant factors that have an impact.Through the virtualization of policy variables,the empirical study establishes the correlation between FDI inflows and negative list policies in Shanghai,Guangzhou,and Fujian from 2004 to 2015,and carries out creative virtualized processing.Some research results are based on the premise of taking the most front-line empirical data,improving the research methods,and obtaining relevant conclusions.Compared with previous research results,the following conclusions are made:(1)The negative list has a significant impact on foreign direct investment;(2)The influence of negative list policies on different industries is different.Negative lists have little effect on the FDI inflows of the first and second industries,but they have a positive effect on the tertiary industry.Larger;(3)It has been learned through research that some of the factors that previously imposed a major constraint on FDI,such as the total volume of freight(reflecting the construction of infrastructure),have gradually weakened and have had a negative effect on FDI inflows.On the whole,as time goes by,a large number(before the 1990s)of China's FDI inflows,the related influences have gradually weakened.At the same time,with the continuous changes and development of science and technology,the constraints imposed by software conditions have gradually increased,for example,policies.Aspects,legal aspects,institutional systems,and advanced technology.Based on the empirical results of the negative list and the foregoing comparative analysis,the “Fusing strategy” for the further development of the China Free Trade Zone was finally proposed:(1)The future of the China Free Trade Zone may focus on the second and third industries;(2))The new batch of free trade zones can draw lessons from the four major free trade zones that have been developed in China in terms of implementation policies,with a focus on the development of transportation and financial services,etc.;(3)The implementation of negative list policies in new FTAs or In the promotion and implementation in the future,the issue of emerging industries and the open-scale issues of the first and second industries can be considered.