摘要
After the Doha Round of WTO negotiations suffered a deadlock, a flurry of various kinds of regional and bilateral FTAs began appearing. Some of these FTAs, started by top economies, are regional FTA agreements such as the Trans-Pacific Partnership （TPP）, the Transatlantic Trade and Investment Partnership （TTIP） and the Regional Comprehensive Economic Partnership （RCEP）. This competition between major economies has become a key trend in global economics. This is not only shaping future global trade but also affecting profits and political statuses.
Competition over setting up free trade agreements(FTAs)first began to heat up after the outbreak of the 2008 global financial crisis.FTAs started by developed countries are converging and China has been frustrated by exclusion.All this indicates that the developed economies are focusing on achieving their strategic goals:that is to reform trade relations,reset the game rules and redeploy economic interests.China must take appropriate measures and maintain a global multilateral trade framework.
