Exploring the Formation of Sino-Japan Third-Party Market Cooperation Through the Lens of Industrial Strengths

Abstract

With the intensification of the wave of anti-globalization and the prevalence of unilateralism, multilateral economic cooperation is urgently needed, due to the delicate bilateral relations between China and Japan, the field and strength of cooperation are limited, in this case, the third-party market cooperation has been explored. This paper focuses on the establishment of Sino-Japan third-party market cooperation, the impact of comparative advantages of different industries on the establishment of cooperation between the two sides, calculates the RCA indices of SITC classified products and some typical industries in recent years, searches for the complementary zone of the two countries' advantages, and evaluates the expected benefits of Japan; At the same time, it compares and discusses the trade and industrial structure of ASEAN countries as third-party market partners, and concludes that third-party cooperation is in line with the economic development needs and cooperation strategy of ASEAN. Finally, the article concludes that the establishment of Sino-Japan third-party market cooperation is in line with Japan's expected benefits and ASEAN regional development strategy, so it is necessary to make full use of the advantages of cooperation, take advantage of the industrial strengths of different regions to carry out a new type of industrial cooperation, and also reduce the negative competition in cooperation, so as to contribute to the recovery of the world economy.