ASEAN-China Cooperation Under the Framework of CAFTA

Abstract

This paper holds that China and the three industrial cooperation frameworks under the framework of CAFTA still have the problems of single structure, low investment and weak cohesion. This paper argues that the corresponding optimization can increase the emphasis on promoting bilateral scientific industrial structure; With the promotion of zero tariffs, the industry will play a greater role in service trade. From the perspectives of exogenous comparative advantage, endogenous comparative advantage consolidation and transaction efficiency improvement, this paper argues that it is necessary to further deepen china-ASEAN cooperation under the framework of CAFTA. Keywords—CAFTA Framework; China ASEAN Cooperation