How free trade agreement affects the success of China's Belt and Road infrastructure projects

IF 0.5 4区经济学 Q4 ECONOMICS

International Studies of Economics Pub Date : 2022-10-07 DOI:10.1002/ise3.32

Beibei Hu, Yuying Jin, Kai Wang

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引用次数: 3

Abstract

After China launched the Belt and Road Initiative in 2013, the Chinese government has invested over 1200 infrastructure projects in countries along the Belt and Road, and nearly 10% of the projects have failed or been delayed. China has also concluded free trade agreements with many countries along the Belt and Road to reduce trade and investment barriers to promote economic and trade cooperation. This paper analyzes whether the signing of the free trade agreement (FTA) is conducive to promoting China's infrastructure investment projects’ success in the countries along the Belt and Road. We conclude that the signing of the FTA agreement is conducive to reducing the failure rate of China's infrastructure investment in the countries along the Belt and Road. For deeper FTAs, the effect is more pronounced. This paper further explores the investment provision of FTA and concludes that investment provision can improve the success rate of investment, especially if it includes provision of national treatment in the pre-establishment and the dispute settlement mechanism.

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自由贸易协定如何影响中国“一带一路”基础设施项目的成功

自2013年中国提出“一带一路”倡议以来，中国政府在沿线国家投资了1200多个基础设施项目，其中近10%的项目失败或推迟。中国还与许多“一带一路”沿线国家签订了自由贸易协定，减少贸易和投资壁垒，促进经贸合作。本文分析了自贸协定的签署是否有利于促进中国在“一带一路”沿线国家基础设施投资项目的成功。我们认为，自贸协定的签署有利于降低中国在“一带一路”沿线国家基础设施投资的失败率。对于更深层次的自由贸易协定，这种影响更为明显。本文进一步对FTA的投资条款进行了探讨，认为投资条款可以提高投资的成功率，特别是在准入前和争端解决机制中包含国民待遇的条款。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Studies of Economics

CiteScore

1.00

自引率

0.00%

发文量