The enormous trade deficit in the first quarter is a result from not only short-term factors such as over investment and price hiking, but also the long-term factors such as the changing international division of labor and relocation of industries, as well as policy readjustment effects.

The three less prosperous member states of Greece, Spain and Portugal joined EEC quite late compared with other states, Greece in 1981 and Spain and Portugal in 1986.

the establishment and development of Sino-Russian strategic partnership, the bilateral financial service and cooperation have witnessed some progress, but are still lagging behind the requirement for further economic and trade cooperation.

Through the quantitative analysis of different free trade area schemes in Southeast Asia, the paper aims at analyzing the macro-economic impact of the possible establishment of free trade area among China, Japan and Korea on the three countries and countries in Southeast Asia.

Regionalism is changing the world economic pattern and the domino effect for regional trade liberalization has spread worldwide.

The paper gives a comprehensive illustration of Sino-Russian economic and trade relations improvement in the new stage and makes the following suggestions.

The rules of origin were initially made to meet the need of counting up the total volume of import and export.