China’s Belt and Road initiative: can Europe expect trade gains?

September 5, 2016

The Belt and Road aims to ease bottlenecks for cross-border trade in Asia, Europe and Africa. This paper measures empirically whether the reduction in transportation costs will have a positive impact on trade flows for Belt and Road countries and for EU countries. The authors also explore the possibility that the Belt and Road may eventually go beyond its current objectives towards the creation of a free trade area.

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Topics: REGIONAL INTEGRATION GLOBALIZATION ONE BELT ONE ROAD

Regions: CHINA

Authors: ALICIA GARCIA-HERRERO JIANWEI XU

Publishing Institution: BRUEGEL

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