FTA process will take time
China and the US should take the first steps along what is likely to prove a long and arduous path as soon as possible
The international financial crisis has changed the global economic pattern considerably, with multi-polarization now the most significant trend. Countries are striving to expand international trade in the hope of achieving a win-win outcome by establishing Free Trade Agreements or conducting closer economic and strategic cooperation. China and the United States are no exception.
Despite the frictions and disputes between them, trade and investments between the world's two largest economies have been increasing continuously and at a substantial rate over the past decades. In order to reduce unnecessary misunderstandings and promote a healthier trade relationship between them, perhaps it is time for China and the US to initiate talks on establishing an FTA.
