Study On Export Credit Insurance And Its Guarantee Of Export Trade

Since reform and opening up, China's foreign trade is continuously deepen. After joining the WTO, foreign trade is growing by leaps and bounds, international trade has become one of the most important pillar of our country. In 2013, Xi Jinping, Chinese President, put forward the significant concept of "the Silk Road Economic Belt and the 21st-century Maritime Silk Road" during the visit to central Asia and southeast Asia. Since then, the blueprint of "One Belt and One Road" constantly enrich and clear. The international community paid great attention and positive response of it. By the end of 2015, the trade between our country and all the relevant countries accounts for about a quarter of the total imports and exports in China. We have invested in the more than 50 overseas economic and trade cooperation zones, the covering projects have broken through 3000.Enterprises in foreign trade often have to face political risk, which poses a great threat to them. There are many reasons for it. First of all, there are many differences between our foreign-investment enterprises with investment country, such as regional history and culture, customs, religious beliefs, political systems, laws and regulations, etc. This creates a big threat for the security of enterprise's investment. Second, in recent years, terrorism and religious doctrine is rampant, brought great trouble for the world people's life and property safety, and many countries cover in the "One Belt and One Road" are serious areas of terrorism and religious doctrine. At the same time, geopolitics, territorial disputes in the countries along the "One Belt and One Road" is also very serious, such as China and India, the south China sea issue, India-Pakistan territorial issues, etc. All of this has brought a lot of uncertainty to enterprise's investment.In order to protect the investment security of Chinese enterprises in the outside, draw lessons from international experience, this paper studies the positive role which the export credit insurance play in promoting foreign investment. Analyze on the main international representative countries-Britain (the origin of the export credit insurance), France (which has the world's biggest export credit insurance institutions), the United States (the most economically developed country in the world).Even there are many differences in the developing mode of export credit insurance, business coverage, etc. We can still find one thing in common, which can be used as a national development experience. It can offer a reference for the development of export credit insurance in our country.For more objectively performance on how the export credit insurance promote the export trade, this article regression analysis on China's export credit insurance and export trade. Regression results indicate that the export credit insurance has significantly boosted export trade. In order to continue deepen the investment cooperation of countries along the "One Belt and One Road", ensure the security of our country enterprise's personal and property. We should to develop export credit insurance in our country. This paper analyzed the export credit insurance market in our country at present in detail, including the policy type, business type respectively, outlined the overall development of the export insurance market in China. Aiming at the problems, I put forward some suggestions from many aspects, such as the enterprise itself, the whole insurance industry, multiple perspectives, national policy, regulation legislation development and so on.