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| The Change of the Multilateral Trading System and the Path Selection of the Asia-Pacific Economic and Trade Integration |
| Fudan University |
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Abstract The importance of the multilateral trading system to the world economy and trade is self-evident.Since the outbreak of the global financial crisis in 2008, the US, once an initiator of the multilateral free trade system, has begun to move toward the opposite of free trade. The fundamental reason lies in the law of imbalanced development of capitalist economy, which fundamentally restricts the implementation of free trade policy. Changes in the multilateral trading system will inevitably have a major impact on the development of the Asia-Pacific economic and trade integration. With reference to the development history of the Free Trade Area of the Asia-Pacific (FTAAP), it is noted that in pursuit of common interests, the driving force for cooperation in providing regional economic public goods will be even greater when there are economic motivation and commercial interests. In the process, Chinas growing economic ties with economies within and outside the region determine that China will play an important role and make efforts to provide regional public goods in the construction of the cooperation mechanism in the framework of FTAAP.
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2019, Vol. 27 
