Trade Effect Research Of Hengqin Free Trade Zone In The Background Of Guangdong-HongKong-Macao Great Bay Area

Zhuhai City agglomerates three national strategic layout and policy advantage of"The Belt and Road ",Guangdong-Hongkong-Macao Great Bay Area,and Hengqin FTA.The Guangdong free trade zone was formally established in 2015,including the three Free Trade Zone which are Hengqin,Nansha and Qianhaishenkou.Establishing the Guangdong Free Trade Zone is to explore the reform of China's market economic system,to promote high level opening to the outside world,to find new economic growth points,and to become a pilot demonstration area of China's comprehensive deepening of reform and a demonstration area of Regional Economic Integration.This paper,taking the Hengqin free trade area as a specific case,uses the trade gravitational model,to analyze its trade effect in the background of the Guangdong-Hong Kong-Macao Great Bay Area,is to sum up its experience to provide suggestions for the development of the RTA,and to provide experience for the construction of China Free Trade Zone and the comprehensive deepening of the Reform.This article is divided into Five parts.The First chapter describes the background and significance of the study,reviews the research on the FTA at home and abroad,and makes a review to describe the structure and content of this article,and points out the innovation of this study.The Second chapter expounds the theoretical research of Free Trade Zone,the factor endowment theory,the intra-industry trade theory,the trade gravitional model,and makes a theoretical review.The Third chapter outlines the basic situation of Zhuhai,Hong Kong and Macau and the Hengqin Free Trade Zone,and analyzes the situation of construction,trade investment and intra-industry trade.In the Fourth chapter,the paper uses Trade Gravitional Model analyzes the trade effect and trade potential of Hengqin Free Trade Zone,and analyzes the results.The Fifth chapter summarizes the development experience and shortcomings of Hengqin Free Trade Zone,puts forward relevant countermeasures and suggestions,and summarizes the shortcomings of this study.The Sixth chapter summarizes the full text.In this paper,the dependent variables are the trade volume of Zhuhai and Hong Kong and Macao,the independent variables are Zhuhai GDP,Hongkong GDP,Macao GDP,the distance between Zhuhai and Hong Kong and Macao,and the virtual variables are the gravitational model of regional preference.The results show that the trade potential of Zhuhai and Macao is insufficient;both Zhuhai and Hong Kong and Macao have a positive effect on the total trade of both sides,but the impact of the GDP of Hong Kong and Macao is greater;the relationship between the bilateral trade volume of Zhuhai and Hong Kong and Macao areas is very small between each other.It concludes that the system of the Free Trade Area of the Hengqin Free Trade Zone is not mature,it needs innovation?Trade and Investment are not balanced,and the optimization of investment environment is not enough.In view of the above shortcomings,this paper suggests the great innovation of the institutional mechanism,increases the openness of trade within the region,brings into the effect of trade and investment,and optimizes the environment of investment and trade in Zhuhai.