Analysis of Trade Effects in Domestic and Foreign Economic Cooperation Fields——Taking China-ASEAN Free Trade Area as an Example

Abstract

Since the reform and opening up, the level of China's opening to the outside world has been continuously improved, and remarkable achievements have been made in foreign trade and economic cooperation. With the improvement of China's comprehensive national strength, China, as the world's largest economy, is also increasingly improving its position in the world and has a far-reaching influence on the world economy. By analyzing the trade effect of CAFTA, this paper analyzes the development prospect of Free Trade Area, and puts forward relevant countermeasures. China should balance international trade through internal economic development, implement the economic development strategy of "increasing both inside and outside, giving priority to the inside and supplementing the outside", and make common progress with world trade.