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.

Read Full Material: Link


Topics: REGIONAL INTEGRATION GLOBALIZATION ONE BELT ONE ROAD

Regions: CHINA

Authors: ALICIA GARCIA-HERRERO JIANWEI XU

Publishing Institution: BRUEGEL

RTA

Other Research

RTA

Multilateralising Telecoms: A Step-Change in Need of a Step?

February 2, 2018

In the rapidly developing digital economy, where user-generated content is on the rise, and end-users are no longer just consuming content, but also developing, uploading, and networking content, t... READ MORE

RTA

The Digital Transformation and the Transformation of International Trade

January 23, 2018

The digital transformation has facilitated old modes of trade and business models and enabled the creation of entirely new ones. Digital disruption is being felt across all modes of trade: digital... READ MORE