Research About The Influence Of Trade And Investment Facilitation On China's Export Of Manufactured Products

The wave of financial crisis made world economic imbalances,global trade sluggish growth,investment with a weak performance.Meanwhile,the world's trend of trade protectionism are on the rise,global trade has fallen into recession.With the acceleration of the process for regional economic integration,all countries have paid more and more attention to trade facilitation and investment facilitation in bilateral,multilateral,and regional economic and trade relations.In 2003,President Xi put forward“0ne Belt One Road”(OBOR)strategy to promote trade and investment cooperation with OBOR countries.However,there are many barriers among the economic cooperation of OBOR countries,trade facilitation and investment facilitation are low levels.In addition,under the integration of trade and investment,international trade and investment show a mutually reinforcing relationship.If the analysis of trade facilitation or investment facilitation is separated,the results of the research will be less scientific.herefore,based on past research,this paper constructs a comprehensive index system that covers trade facilitation and investment facilitation,which not only provides more theoretical basis for subsequent research,but also has important practical significance for the construction of OBOR.This paper takes OBOR countries as the research object,and bases on the theory of regional economic integration,transaction cost and international direct investment theory.On the basis of extensive reading and collection of relevant literature,the research technique mainly uses comparison analytic method,statistic method,theory analytic method and empirical analysis method,focusing on the impact of trade and investment facilitation on the export of manufactured goods in China.This paper is mainly as follows:First,after clarifying the thinking by analyzing the connotation of trade facilitation and investment facilitation,the paper summarizes the definition of trade and investment facilitation and discusses the theoretical basis to provide a strong explanation for the development of trade and investment facilitation.Secondly,by analyzing the current situation of bilateral trade and investment between China and OBOR countries,with a focus on the size and structure of manufactured exports,the data shows that China mainly exports to OBOR countries manufactured goods,explaining the upgrading of our industrial structure.Thirdly,the paper chooses market access,customs and bordermanagement,port and logistics efficiency,business environment,regulation environment and finance and E-commerce as six primary indicators,including 18 secondary indicators to building a trade and investment facilitation comprehensive evaluation index system,then the weight of each index is determined by principal component analysis to calculate and analyze trade and investment facilitation of China and 470 BOR countries.Fourthly,the research introduce the trade and investment facilitation level into the gravity model to analyze its impact on the export of manufactured goods in China.The conclusion shows that the impact is dramatically stimulative,for every l%increase in trade and investment facilitation,China's exports of manufactured goods will increase by 3.039%.On the other hand,the stimulus of each primary indicitor is different to the export,the impact of port and logistics efficiency is the biggest,the rest of the ranking are finance and E-commerce,business environment,market access,customs and border management,the regulation environment has the least impact.Finally,on the basis of theoretical research and empirical analysis and starting with the conclusion,the research put forward that during the OBOR construction,China and OBOR countries should strengthen the construction of transport facilities and transport services;actively promote the use of e-commerce and greater financial cooperation;further improve the business environment and regulation environment,building an open market environment;promote customs clearance efficiency and improve the customs cooperation mechanism,so that promote China's exports of manufactured goods and optimize industrial structure.