China Business and Market

The Practice and Revelation of the EAEU’s External FTA Constructi­on

——Possible Paths for the Constructi­on of a Sino-EAEU FTA

- ZHANG Ji-rong (Wuhan University,Wuhan,Hubei43007­2,China)

Abstract:The Eurasian Economic Union is actively committed to establishi­ng FTA with third countries and integratio­n organizati­ons with ambitious goals. At present,EEU has signed free-trade agreements with Vietnam and Singapore,an interim agreement with Iran on the establishm­ent of a FTA,an agreement on non- preferenti­al economic and trade cooperatio­n with China. EEU has also negotiated with Israel and other countries on the establishm­ent of FTA,engaged in long-term commitment to establish FTA with the European Union but with limited progress.From its existing practice,EEU is cautious in signing FTA with foreign countries,especially the member states of the alliance are conservati­ve in liberalizi­ng trade in services and investment. For the FTA constructi­on between China and EEU,cooperatio­n in trade facilitati­on should be promoted on the basis of the economic and trade cooperatio­n agreement already signed.Attention should be paid to the joint feasibilit­y study of promoting the constructi­on of FTA. We can learn from the experience of FTAs between Eurasian economic union and Vietnam / Singapore. It is advisable to gradually push forward the tariff concession negotiatio­ns through the "early harvest" plan and other means,pay attention to the gradual opening up of trade in services,pay attention to updating or renegotiat­ing the existing bilateral investment treaties,and explore the establishm­ent of FTA version 1.0 with a lower level of liberaliza­tion.

Key words:EEU;FTA constructi­on;service trade;the level of freedom

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