BOON OR BANE: ASSESSING THE ENVIRONMENT OF CHINA’S FREE TRADE AGREEMENTS WITH OTHER NATIONS (Published)
In recent years, China has drawn a lot of attention, not only due to its rapid economic development and the WTO accession, but also due to its active attitude towards regional economic development. China, as the world’s leading producer, also looks for multiple markets to decrease the chances of any major setback of economy in future. In these lines, China has recently signed Free Trade Agreements with different nations. This study explores the impact of China’s Free Trade Agreement with other countries. APEC is the first step for this initiative, followed by bilateral trade agreements or regional trade agreements with other economies, mostly neighboring economies. China, a developing country, whose experience, would provide some insights for free trade agreements among other developing economies. This paper also explores the present situation and motives behind China’s FTA engagement through analysis of last five years and bilateral trade of China with other countries and FTA partners. A thorough analysis suggests that China has gained real benefits from FTAs which have helped China boost its exports to the world. This paper further explains that as a dominating partner in these agreements, China has obtained substantial advantage after signing these agreements. This study also suggests that China can establish win-win relationships in its targeted market by providing mutual benefits to its counterparts.