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An Empirical Research on Agricultural Trade between China and “The Belt and Road” Countries: Competitiveness and Complementarity
School of International Economics, China Foreign Affairs University, Beijing, China
School of International Economics, China Foreign Affairs University, Beijing, China
Institute of Agricultural Economy and Development, Chinese Academy of Agricultural Sciences, Beijing, China
- 1 School of International Economics, China Foreign Affairs University, Beijing, China
- 2 School of International Economics, China Foreign Affairs University, Beijing, China
- 3 Institute of Agricultural Economy and Development, Chinese Academy of Agricultural Sciences, Beijing, China
Modern Economy·Volume 07 (2016)·Pages 1671–1686·Published 20 December 2016·DOI10.4236/me.2016.714147
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Abstract
The Belt and Road Initiative provides excellent opportunities of developing agricultural products trade. This paper presents the overview and the prospect of the agricultural trade between China and the Belt and Road countries, and uses RCA and TCI index to empirically analyze trade competition and complementarity of agricultural products between China and the Belt and Road countries. Results show that trade competition and complementarity of agricultural products between China and the Belt and Road countries coexist, but its complementarity appears to be more remarkable. China and the Belt and Road countries should strengthen and diversify the trade cooperation on agricultural products on the basis of existing bilateral and multilateral mechanisms to achieve common development.
KeywordsThe Belt and RoadChinaAgricultural Products TradeCompetitionComplementarity
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