Study On The Payment Methods Of Countries Along The "Belt And Road"

At present,under the conditions of world economic recession,trade protectionism and anti-globalization,China adheres to opening up to the outside world,actively promotes economic globalization,and promotes international trade liberalization and facilitation.Actively promote the "One Belt,One Road" foreign economic and trade cooperation initiative to strengthen economic and trade cooperation among countries along the "Belt and Road",promote economic development along the countries along the line,improve the living standards of the people in participating countries,and make more effective use of resources and promote society.progress.However,the complexity of payment and settlement of international trade between these countries has been plaguing everyone and restricting trade cooperation between countries along the Belt and Road.Therefore,this paper focuses on the payment methods of countries along the"Belt and Road".Focusing on the current trade situation of countries along the "Belt and Road",this paper studies the payment methods of countries along the "Belt and Road" and the risks behind various payment methods,and proposes corresponding risk prevention strategies for these risks.The paper provides a large amount of data and analysis,using literature review and qualitative and quantitative analysis methods,and also uses case analysis.Based on the analysis of the relevant cases of international payment business,the reasons for the risks of different countries under different payment methods and the possible consequences are revealed from different aspects.The main payment methods of the countries along the "Belt and Road" include letters of credit,collection and wire transfer.Due to the large variety of national currencies and the influence of international political factors,the payment methods between countries are not uniform,the settlement is difficult,and the transaction costs are extremely high,which also leads to many risks.This paper investigates the basic trade situation,payment methods and risks behind the current "One Belt,One Road" countries and the corresponding risk prevention measures.Each payment method has different characteristics associated with reducing risk and related documentation.In general,if the selected payment method requires a higher complexity of documents and higher bank fees or service fees,the risk can be reduced.In the case where a trading participant has greater trust in each other or the amount of the contract is relatively small,they tend to choose a cheaper and simpler payment method.However,if the contract amount is very high,then it is best for the parties to choose the most complicated and expensive payment method in order to avoid possible risks.