Economic Integration of ASEAN and China

概要

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International economic integration is the most sophisticated form of positive and active international interdependence in the development of the world economy. Based on the facts of various forms and levels of economic integration between China and Southeast Asian countries, the purpose of this article is to show a whole picture of the development of Sino-ASEAN economic integration, its characteristics, background, framework, significance, and its future. The natural basis of the Sino-ASEAN economic integration is that they are geographically connected. The common ground of this relation is the economic complementarity of the two areas. And the fundamental principle of this integration is reciprocity. Economic integration creates numerous win-win opportunities among partners that surmount the differences of ideologies and opposition of systems, and even disputes on territories. CAFTA is the first South-South regional economic community. It is the largest FTA, and the third largest economic unity in the world. It is extremely important to the unification of Asia and to the stability of the world. The function of integrated economy will eventually lead to a common goal of mankind, that is peace and prosperity.