The Impact Of China-Australia FTA On Trade And Investment To Shandong Province And The Countermeasures

Since the global financial crisis,in order to promote the development of international trade and investment,the Asia-Pacific region and the developed areas of Europe and the United States have establish a free trade area as an important measure to promote economic development.In view of the current complex international economic situation,China is also actively exploring the new system of multilateral trade,and actively promote the development of FTA and FTZ strategy to improve the scale of international trade and investment.China and Australia are important countries in the Asia-Pacific region on trade and investment.In June 2015 the two countries formally signed the China Australia Free Trade Agreement,bilateral economic and trade cooperation to a new height.It will comprehensively enhance bilateral economic and trade cooperation,and promote the flow of funds,promote the economic advantages of both countries to a lasting and in-depth direction.So that both producers and consumers are widely benefited.Shandong Province is important in China's economic,which is also a large provinces in foreign trade and investment.The establishment of the China-Australia FTA is bound to have a positive impact on the trade and investment for Shandong Province.But there is no relevant research on the impact of China-Australia FTA to Shandong Province.This paper will analyze the investment and the trade between Shandong Province and Australia,and then will use the gravitational model of trade and investment to study the impact of the establishment of China-Australia FTA on Shandong Province and will provide the countermeasures and suggestions.The research is divided into five chapters.The first chapter introduces the background of the topic,the research status quo at home and abroad,the research method and the data source and the innovation and the deficiency of the thesis.The second chapter analyzes the theoretical basis and realistic basis of the establishment of the China-Australia FTA.It will expound the free trade area theory,analyze the current situation of Sino-Australian trade and investment,and discuss the reasons for the formation of the China-Australia FTA from the theoretical and practical perspectives.The third chapter is the analysis of the basic situation of trade and investment betweenShandong Province and Australia.Firstly,it analyzes the general situation of trade between Shandong and Australia.Then it analyzes Shandong's FDI and OFDI with Australia.Finally,we will take 3 important cities(Qingdao,Jinan,Yantai)as the partners of trade and investment with Australia.The fourth chapter is the empirical study on the influence of China-Australia FTA on the trade and investment in Shandong Province.Based on the gravitational model,the trade and investment between Shandong Province and Australia were analyzed respectively,and the bilateral trade volume and investment amount were forecasted according to the obtained model in recent years.Chapter 5 is the Conclusion and Suggestions on Shandong Province.