Study of Factors Influencing China-ASEAN Agricultural Product Trade Development in the Context of “the Belt and Road”

Yanyu Yue and Dongdi Xie

Asian Agricultural Research, 2021, vol. 12, issue 08

Abstract: This paper reviewed and analyzed the current situations and influencing factors of the bilateral agricultural product trade development in China-ASEAN Free Trade Area (CAFTA), which has important practical significance for promoting the in-depth development of the free trade area and has guiding significance for precise policy implementation. Based on the status of import and export trade of agricultural products in CAFTA from 2013 to 2017, it constructed a trade gravity model. With the aid of STATA14.0 software, it explored major factors influencing the development of bilateral agricultural trade from the total amount of agricultural products import and export and Commodity Indexes for the Standard International Trade Classification, Revision 3 (SITC Rev.3) agricultural product classification data. The empirical regression results show that the GDP of ASEAN countries, the ratio of agricultural added value to GDP, and the per capita gross national income (GNI) measured based on the purchasing power parity (PPP) exchange rate have the greatest impact on agricultural product trade in CAFTA in the context of “the Belt and Road” (B&D). Based on empirical research, it came up with recommendations including adjusting the import and export structure of agricultural products, enhancing product competitive advantages, and implementing diversified markets.

Keywords: Agribusiness (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ags:asagre:309813

DOI: 10.22004/ag.econ.309813

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