본문으로 바로가기

KIEP Opinions

Publications

To list

China's Strategies to Lead Global Trade Governance and Future Prospects

  • Author SangBaek Hyun
  • Series242
  • Date2022-07-15
China's global trade norm-led strategy is expected to be promoted in four directions: participation in WTO reform; promotion of internal reform through high-level norms; establishment of regional networks centered on China and developing countries, and the introduction of low-level norms; and participation in enacting new trade norms through domestic laws. 

At this stage, China's direction and willingness to lead the international trade order and norms have been confirmed, but many challenges and limitations remain ahead. It will still be difficult for China to play a leading role in high-level global trade norms, and measures by the U.S. and its allies to keep China in check can be expected to intensify. The U.S. has recently used forced labor as a means of containing China, and discussions on global climate change, such as the carbon tax, are likely to weaken the competitiveness of the Chinese manufacturing industry. In addition, numerous domestic reform tasks remain throughout China and legal system maintenance is insufficient, so if the CPTPP or DEPA enters working-level negotiations, many norms are likely to be met with requests for postponement or exceptions based on developing country status. Finally, it is necessary to pay attention to free trade zones(FTZs) in China to see how high-level global trade norms are applied to China's reality. This is because FTZs have been given the role of an "institutional open window" to conduct tests on how to apply high-level new international norms to Chinese reality. The success or failure of these tests at FTZs seems to be an important criterion for judging the possibility of leading China's global norms in the future.
File

Prev Next List

공공누리 OPEN / 공공저작물 자유이용허락 - 출처표시, 상업용금지, 변경금지 공공저작물 자유이용허락 표시기준 (공공누리, KOGL) 제4유형

대외경제정책연구원의 본 공공저작물은 "공공누리 제4유형 : 출처표시 + 상업적 금지 + 변경금지” 조건에 따라 이용할 수 있습니다. 저작권정책 참조