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China's Strategies to Lead Global Trade Governance and Future Prospects
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  • China's Strategies to Lead Global Trade Governance and Future Prospects
저자명
SangBaek Hyun
간행물명
KIEP Opinions
권/호정보
2022년|pp.1-4 (4 pages)
발행정보
대외경제정책연구원|한국
파일정보
기타|ENG|
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서지반출

영문초록

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-