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Feasibility study of China-Russia free trade area
Abstract
Regional economic integration and economic globalization has become an
important trend in nowadays world of economic development. In the background of
growing economic integration, trade and economic cooperation between countries
continue to expand and deepen, so that the regional economy has been a huge
development. In order to conform to the trend, more and more countries have to
actively join the economic integration, to promote their economic development
through the establishment of a free trade zone with neighboring countries manner.
China and Russia the same as the BRIC countries, occupies an important position in
the world ,countries in the region adjacent to the solid political foundation, and has a
strong comparative advantages and complementarities in terms of resources and
industrial structure, which are Sino-Russian trade and economic development has laid
a solid foundation. December 2011, Russia has successfully joined the WTO, ending
18 years of WTO accession process, the development of bilateral economic and trade
activities opened a new chapter. Despite the recent economic and trade relations
between China and Russia has been a huge development, but political relations
between the two countries, the economic strength and great power status in
international affairs do not match, the trade volume between China and Russia should
not occupy the total trade between the two countries some share of bilateral economic
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