India’s recalibrated strategy toward free trade agreements (FTAs) has received considerable traction in the international trade policy space. Moreover, this has reignited the debate that India needs to reconsider its decision of not joining the Regional Comprehensive Economic Partnership (RCEP). A variety of factors such as domestic political economy, legal provisions of the RCEP agreement remained a matter of India’s concerns and shaping decision not to join the RCEP. The study explores scholarly literature and analyzes key imperatives such as integration in global value chains, consolidation of existing trade agreements and shaping global rulemaking for India to reconsider joining the RCEP agreement in the context of India’s new FTA strategy. The study findings demonstrate that India’s recalibrated strategy toward FTAs has significantly changed in terms of its geographical orientation, shift to bilateral trade deals, and geopolitical orientation. However, India is unlikely to consider joining the RCEP even under its new FTA strategy.

Since its accession with WTO, China has claimed that free trade agreement makes international trade liberal by reducing trade barriers, establishing a pleasant exchange and flow of goods and services, promoting economic corporation, and enhancing economic growth. As the free trade agreement is inefficacious in gaining mass global consensus, China’s constructive approach towards free trade has induced many debates. By discussing Marxist perspective on free trade, this study begins with analyzing the theoretical source of Marx’s ideas on free trade and aims to apprehend China’s approach towards free trade. The author uses descriptive and critical analysis to understand China’s approach towards free trade based on Marx’s early writings. Further to analyzes the economic and legal aspects of China’s free trade agreement, empirical analysis is used. The paper argues that free trade agreement is a progressive plan and neutral economic policy which can bring economic prosperity in any economy as it holds the potential to be the leading economic concept by offering win-win opportunities to both the Contracting parties.

The US has entered a new era of crisis. President Biden has just been inaugurated. He faces historical challenges to return the US to global leadership. The primacy purpose of this article is to discuss national security and trade policy in the new Biden administration. First, I look at the historic and dubious claims made by the Trump administration in utilizing national security as a cover for protectionist trade actions, as well as at the federal court cases addressing these claims. I then assess the cases that have come before the WTO over the last two years, raising for first time the issue of the national security exception under GATT Article XXI. Finally, I conclude that President Biden’s overwhelming priority is to resurrect American democracy and alliances. But he will also need to address a broad range of trade issues and to restrict reliance on national security as a cover for populist and protectionist policies.

일본의 핵심 통상전략은 미국과의 협력을 전제로 중국과 경제관계를 강화함과 동시에 중 국을 견제하는 것이었다. 그런데 최근 20년 동안 중국이 빠른 경제성장을 통해서 G2로 부상 하면서 일본의 이러한 통상전략은 변화를 맞고 있다. 특히 오늘날 동아시아를 무대로 중국의 메가 FTA 확산 및 일대일로 구상이 구체화되면서 일본은 자국 중심의 세력 구축을 통해서 중국을 견제하려는 전략을 강화해 왔다. 하지만 최근 출범한 미국의 트럼프 정권 하에서는 이러한 일본의 대(對)중국 통상전략이 또 한번 큰 전환을 맞을 것으로 예상된다. 본고에서는 지난 20년 동안의 일본의 대중국 통상구조 및 전략의 변화를 분석함으로써 향후의 중일 통상 관계에 대해 예측하고자 한다.

In recent years, with the development of economic globalization and the promotion of modern media technology, cultural enterprises such as publishing, entertainment and new media have sprung up like mushrooms after a rain and made significant contributions to economic growth, which not only increased China's financial revenue, but also promoted product export and improved its international image. Although the digital cultural trade of Chinese enterprises started relatively late, it has already formed a certain scale and has a good development prospect in the international development and cooperative operation. Since the signing of the cooperation agreement between China and South Korea in June 2015, it has largely promoted the development of enterprises’ digital cultural trade. By comparing the digital development of cultural trade between Chinese and Korean enterprises, this paper points out the current problems faced by Chinese enterprises in the internationalization development, and gives practical suggestions.

Purpose - This dissertation is based on previous research, and analyzes processing trade, which constitutes a major section of foreign trade in Shandong Province. Research design, data, and methodology - The study uses the survey data on polarization, which is a vital index reflecting the unbalanced growth of regional economic development. The article introduces the processing trade polarization index, and the processing trade polarization fluctuation rate, to predict the geographical polarization posture and development trends in Shandong Province. Results -The development of processing trade in Shandong Province shows the level of gradient from east to west. The first-line growth pole has been formed and developed, and the initial formation of the diffusion mechanism has taken place. However, coordination problems in accompanying regional development have become increasingly prominent. Conclusions - This study focuses on the development of processing trade strategy and suggests overall coordination of development objectives, using non-balanced development goals. According to regional characteristics and development objectives of the processing trade in Shandong Province, the region around the city is divided into innovation diffusion region, enhanced growth areas, areas expected to undertake development, and areas to upgrade in four levels, given the different policy proposals.