Analysis of the Impact of the China-ASEAN Free Trade Area on Guangxi's Foreign Trade
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v6i3.4007
Abstract
Guangxi belongs to the less developed provinces and cities in southwest China. At the same time, Guangxi and ASEAN countries are geographically close. After the establishment of China-ASEAN Free Trade Area, Guangxi's foreign trade will bring great vitality. This paper takes advantage of the first 2005 to 2020 in Guangxi trade with ASEAN, compared the preliminary set up free trade area in the upgrade, establish overall, trade the change of three periods in Guangxi and ASEAN trade, as well as the trade complementary index and intra-industry trade complementary index, compares the advantages and disadvantages of Guangxi trade with ASEAN countries and all kinds of product similarity, Through the analysis of the two indexes, it is concluded that Guangxi and ASEAN countries have strong trade complementarity and good trade prospects; However, most of the products of Guangxi and ASEAN countries are mainly inter-industry trade. Compared with ASEAN products, Guangxi does not have product advantages or strong industrial competitiveness, and it cannot meet the consumption of people of all consumption levels.
Keywords
China-ASEAN free trade area, trade complementarity index, intra-industry trade complementarity index
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