Research on Legal Issues of Regional Economic Integration and CEPA

Author: Mu Yaping Li Boqiao
Publisher:
Publish Date: 2005-06-01
Features: Complementary and Interactive Coordination – A Legal Analysis of Regional Economic Integration under the WTO System. The international community is keenly focused on the relationship between economic globalization and regional economic integration, particularly how WTO member states will recognize or adopt regional economic arrangements and how they will respond to the various impacts of trade protectionism brought by regional economic integration. Economic globalization and regional economic integration are both contradictory and unified, involving complex issues across international politics, international economics, and international law. Regional economic integration and economic globalization are like the "dual tracks" supporting the high-speed train of the global economy. Over a longer period, they will objectively exist and function relatively independently, and it should not be rushed to merge them. Only by guiding the trends, resolving conflicts, and coordinating interactions can the correct choice be made.
Keywords: Economic Globalization, Regional Economic Integration. "Economic globalization" has become a well-known phenomenon. Today's international society is characterized by increasing interpenetration and interdependence in fields such as trade, investment, and finance. Under the multilateral trade system represented by the World Trade Organization (WTO) agreements, barriers to international economic circulation are continuously weakening, while the demand for international economic integration is growing stronger. It can be asserted that the world economy is forming and will inevitably become an inseparable organic whole. At the same time, the organic integration of regional economies has also become an objective reality, and regional economic integration is rapidly developing. Take the European Union (EU) and the North American Free