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Since the 1990s , demonstration and excitement of the European Union (EU) and the North American Free Trade Area (NAFTA) , the wave of regional economic integration in the ascendant . The end of 2004 , the WTO had received nearly 300 regional trade agreements (Regional Trade Agreement, RTA) communications ( including the newly established RTA and accept new members ) . As of November 22, 2005 , related to the open and supervision of the banking sector RTA 31 . Multilateral multilateral , bilateral three modes of banking services liberalization and regulatory characteristics are summarized based on the study of the 31 RTA protocol Bank Terms of Service . Multilateral and multilateral \Also worth noting is that the higher the degree of financial liberalization , the degree of openness is greater . Finally, the banking sector and opening up and regulatory model the RTA agreement in the consolidated learn more this paper, four important issues should pay attention to our country after the signing of RTA in banking services , the financial policies of the Parties , different RTA ( multilateral and multilateral , bilateral ) , financial innovation and regulatory cooperation . Open and supervision of China's banking industry to be able to have a forward-looking and international , to bring greater opportunities and benefits for China .
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