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Establishment of China - ASEAN Free Trade Area of ??the idea originated in 2000, held in Singapore between ASEAN and China, \Then Premier Zhu Rongji proposed the idea of ??building a China - ASEAN Free Trade Area. After the completion of a free trade zone, the expansion of the market, increased competition, increased investment, and expansion of production scale, but also promote the production companies continue to invest in research and development, so as to promote the technology continues to progress. A comprehensive and concise review of the China - ASEAN Free Trade Area theory explicitly put forward the concept of regional economic integration, and on this basis to explore the theory of customs union, the largest market theory theory of the consensual principle of the international division of labor and national need theory. The customs union is established, you can generate both static effects of trade creation and trade diversion, in addition to also generate economies of scale, competition strengthen and invest in expanding the dynamic economic effects. Therefore, on the basis of regional economic cooperation, China's foreign trade integration, coordination, and can integrate the various advantages of the regional development of foreign trade, and the formation of large-scale economic strength. Meanwhile, with the deepening of the integration, coordination, will strengthen the regional competition, to promote the rational allocation of resources, and to stimulate the expansion of regional investment, and promote regional economic growth. For the establishment of CAFTA, the coordination of macroeconomic policies is essential. Were analyzed from two angles of the fiscal and monetary policies, and a detailed analysis of the static effects of CAFTA, dynamic effects and structure effects. The static effects including the three factors of the regional economies of scale, economies are highly complementary and trade barriers cuts. Dynamic effects from trade diversion effect, the effect of trade creation and export expansion effect analysis of three aspects. Through the analysis of these effects is not difficult to see that the establishment the CAFTA can produce a win-win situation, and its establishment will also enable China to accelerate the use of the international industry to push the pace of industrial upgrading and structural optimization. However, we have to see the build CAFTA is not easy, it is facing many difficulties. The last part begins with an overview build CAFTA difficulty, and this on the basis of the policy options discussed building of CAFTA, including expanding integration revenue, reduce integration costs, interests regulation and control of the process of integration of these four policy.
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