Study On The Efficiency And Potential Of Textile And Garment Trade Between China And RCEP Member Countries

The world economy has been going through a century without major changes.The wave of "reverse globalization" has intensified,unilateralism and protectionism have increased,trade tensions have intensified,as has the new outbreak of crown pneumonia,and the world economic order has become more complex and unpredictable.Against this backdrop,the RCEP will come into effect in 2022,marking the establishment of the world’s largest free trade area and its growing impact on the global economic landscape.The spinning industry occupies a leading position in China and plays an important role in China’s exports.In addition,RCEP members are important trading partners in China’s textile industry.Finding ways to institutionalize trade in textile clothing under RCEP,strengthening and enhancing China’s dominant position in international competition,breaking industrial development bottlenecks,and finding market potential in textile clothing trade between China and RCEP members is important.Based on the current situation of textile trade between China and RCEP member countries,this paper studies the important factors affecting the textile trade between China and RCEP member countries and focuses on establishing the optimal level of textile trade between China and RCEP member countries through the selection of transboundary gravity models.Put a point on it.First,this article analysed the development of bilateral trade in textile clothing between China and RCEP member countries and found that RCEP is an important trading partner of China in textile clothing.Trade in textile clothing between China and RCEP member countries is increasing and the trade surplus is increasing,but the share of traditional markets in textile exports in China is declining.The share of developing member countries is steadily increasing.Second,we analyzed additional links between China and RCEP member countries in textile trade,and calculated similar export indexes,superiority indexes,mutual indexes,and trade indices of RCEP member countries.The results show that Chinese textile and apparel have strong international competitiveness,but their competitive advantage has declined.Therefore,once the RCEP is formally implemented,based on the theory of customs union,it may have a great impact on Chinese textiles and garments.Meanwhile,countries with strong complementary textile trade with China are gradually moving away from developed countries such as Japan,South Korea and Malaysia,the Philippines,and other developing countries.Finally,the random gravity model will analyze the factors that affect the textile trade between China and RCEP member countries and assess the potential trade potential.As a result,we found that the potential for textile trade between China and RCEP member countries is large,and that GDP growth between China and RCEP member countries has a significant impact on China’s textile trade.China’s textile trade has been adversely affected by population growth and increased distances.Higher import tariffs,the number of Internet users,free trade,monetary freedom,financial freedom and political stability can greatly improve the trade efficiency of China and textile importing countries in RCEP member countries,while improving the legitimacy of importers can significantly reduce the efficiency of Chinese textile exports to RCEP member states.Based on the research results,this paper presents political proposals to promote textile trade between China and RCEP members:first,strengthening the free trade area and updating the terms of trade;Secondly,to stimulate the modernization of industrial transformations,to strengthen and increase the competitive advantages of products;Thirdly,it is necessary to explore new forms of trade and economic cooperation and optimize the bilateral trade environment.Finally,we will explore the RCEP market in a targeted manner in light of national conditions.