Trade And Investment Facilitation Of Countries Along "One Belt And One Road"

Systematic study of trade and investment facilitation of countries along “One Belt and One Road” has profound theoretical and practical significance.On one hand,both international organizations and scholars from home and abroad conduct study on trade facilitation evaluation system and investment facilitation evaluation system respectively when evaluating the level of trade and investment facilitation among nations.In the context of deepening integration of global investment and trade,international trade and international direct investment are increasingly integrated together,manifesting as trade and investment integration.This dissertation,trying to conduct a comprehensive study by combining trade facilitation and investment facilitation,has great theoretical significance.On the other hand,with the gradual deepening of regional economic integration,traditional tariff and non-tariff barriers are having less impact on international trade;trade and investment facilitation that ultimately aims at decreasing and eliminating technical and institutional barriers in international trade and investment,reducing transaction costs,improving trade and investment environment,promoting trade and investment efficiency and resource allocation level of relevant countries is increasingly given high attention by countries and scholars.Meanwhile,with “One Belt and One Road” initiative being put forward and implemented,study on trade and investment facilitation of countries along “One Belt and One Road” has profound practical significance.This dissertation endeavors to construct a comprehensive trade and investment facilitation evaluation index system using analytic hierarchy process to measure the level of trade and investment facilitation of countries along “One Belt and One Road”,analyzes the impact of level of trade and investment facilitation of countries along “One Belt and One Road” on China’s international trade flow using gravity model,and proposes measures to promote level of trade and investment facilitation of countries along “One Belt and One Road” aiming at the barriers concerning trade and investment facilitation based on the above analysis.Therefore,the study in this dissertation helps to raise the level of trade and investment facilitation of countries along “One Belt and One Road”,to increase trade and investment among countries and economic welfare,to advance deeper market integration,efficient resource allocation,orderly and free flow of economic factors,to boost trade and investment cooperation at both and deeper higher level in wider range,and to promote the implementation of “One Belt and One Road” initiative.By constructing a comprehensive trade and investment facilitation evaluation index system and measuring the level of trade and investment facilitation of countries along “One Belt and One Road”,the research indicates that the levels of trade and investment facilitation of Northeast Asian countries,Central Asian countries and South Asian countries are generally low with most countries lacking in trade and investment facilitation,that overall level of trade and investment facilitation of Southeast Asian countries is quite high,that the levels of trade and investment facilitation in West Asian countries vary remarkably,and that the levels of trade and investment facilitation of Central and Eastern European countries are rather similar with most of them at average.In terms of individual index of trade and investment facilitation,countries along “One Belt and One Road” are generally backward in transport and infrastructure,administrative approval efficiency and credit finance,and the other indexes vary slightly from region to region.Empirical analysis of impact of the level of trade and investment facilitation of countries along “One Belt and One Road” on China’s export flow is made based on trade gravity model.The results show that,compared with factors such as GDP,population,FDI,and regional economic integration,trade and investment facilitation plays a more significant role in promoting China’s exports,with business environment,institutional environment,market access following it,and border management being the weakest.Meanwhile each index of trade and investment facilitation has a significant impact on China’s exports,with transport and infrastructure being the most significant.In all the regions,the level of trade and investment facilitation has a significant impact on China’s exports.Aiming at the challenges and barriers to promoting level of trade and investment facilitation of countries along “One Belt and One Road”,this dissertation proposes measures from the following five aspects: accelerating the building of supply chain in countries along the Belt and Road,boosting the building of value chain in countries concerned,promoting the building of trade and investment facilitation organizations and cooperation platforms,advancing the building of free trade zones in countries concerned,and strengthening these countries’ soft power.