<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>There are 94 countries and regions along the Belt and Road (CRBR). China proposed the Belt and Road Initiative (BRI) in 2013, and it encompasses five core elements: unimpeded trade (UT), policy coordination (PC), infrastructure connectivity (IC), financial integration (FI) and people-to-people bond (PPB). The BRI has facilitated international relations and multilateral trade, in addition to building a community with a shared future for mankind. However, factors such as political relations and cultural distance have affected bilateral trade (BT) between China and CRBR. Further analysis is required to explore the association between UT and policy, infrastructure, financial and people-to-people connectivity. A multiple linear regression analysis using SPSS 20 revealed that: (1) IC, FI, PPB and improved economic levels can promote BT to varying degrees, but spatial distance inhibits the development of BT; and (2) the coordination between policy subjects does not promote UT up to any significant level. Accordingly, strengthening infrastructure and FI, promoting people-to-people and bilateral exchanges, and opening extra China–Europe freight trains and maritime transport will enhance UT, expand BT and invigorate the global economy.</p>
</abstract>

There are 94 countries and regions along the Belt and Road (CRBR). China proposed the Belt and Road Initiative (BRI) in 2013, and it encompasses five core elements: unimpeded trade (UT), policy coordination (PC), infrastructure connectivity (IC), financial integration (FI) and people-to-people bond (PPB). The BRI has facilitated international relations and multilateral trade, in addition to building a community with a shared future for mankind. However, factors such as political relations and cultural distance have affected bilateral trade (BT) between China and CRBR. Further analysis is required to explore the association between UT and policy, infrastructure, financial and people-to-people connectivity. A multiple linear regression analysis using SPSS 20 revealed that: (1) IC, FI, PPB and improved economic levels can promote BT to varying degrees, but spatial distance inhibits the development of BT; and (2) the coordination between policy subjects does not promote UT up to any significant level. Accordingly, strengthening infrastructure and FI, promoting people-to-people and bilateral exchanges, and opening extra China–Europe freight trains and maritime transport will enhance UT, expand BT and invigorate the global economy.

Can policy coordination facilitate unimpeded trade? An empirical study on factors influencing smooth trade along the Belt and Road

Applied Mathematics and Nonlinear Sciences

This work is licensed under the Creative Commons Attribution 4.0 International License.

There are 94 countries and regions along the Belt and Road (CRBR). China proposed the Belt and Road Initiative (BRI) in 2013, and it encompasses five core...

Can policy coordination facilitate unimpeded trade? An empirical study on factors influencing smooth trade along the Belt and Road

Published Online: May 20, 2022

Page range: 447 - 456

Received: Feb 19, 2022

Accepted: Apr 10, 2022

DOI: https://doi.org/10.2478/amns.2021.2.00194

Keywords
Unimpeded trade, Policy coordination, the Belt and Road Initiative, Countries and Regions along the Belt and Road

© 2023 Zhenni Yu et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Can policy coordination facilitate unimpeded trade? An empirical study on factors influencing smooth trade along the Belt and Road

Published Online: May 20, 2022

Page range: 447 - 456

Received: Feb 19, 2022

Accepted: Apr 10, 2022

DOI: https://doi.org/10.2478/amns.2021.2.00194

KeywordsUnimpeded trade, Policy coordination, the Belt and Road Initiative, Countries and Regions along the Belt and Road

© 2023 Zhenni Yu et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
Unimpeded trade, Policy coordination, the Belt and Road Initiative, Countries and Regions along the Belt and Road