The Role of the Northern Sea Route in Expanding China's Exports to Europe

DOI

10.2991/essd-19.2019.119How to use a DOI?

Keywords

northern sea route, China, exports of China

Abstract

Recently China has been facing a problem of reduced exports to Europe caused by the rise of the yuan, the increasing labour and transportation costs. This article aims to investigate the opportunities for expanding China’s exports to the EU offered by the Northern Sea Route. Comparison of the distances between the main sea ports connecting China and Europe via the Northern and Southern Sea Routes shows that the former may well prove to be a viable option if China uses the part of the route running along the Russian Arctic coast. One of the possible economic benefits of the Northern Sea Route is that, when navigable, it significantly saves transportation time and reduces shipping costs. In addition to China's already established trading partners in Europe, Finland, Norway and Ireland could provide new markets for Chinese goods since these countries have multiple ports, which can be easily accessed from the sea.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Viktoriia Koretskaia Garmash
PY  - 2019/07
DA  - 2019/07
TI  - The Role of the Northern Sea Route in Expanding China's Exports to Europe
BT  - Proceedings of the 2nd International Conference on Education Science and Social Development (ESSD 2019)
PB  - Atlantis Press
SP  - 538
EP  - 541
SN  - 2352-5398
UR  - https://doi.org/10.2991/essd-19.2019.119
DO  - 10.2991/essd-19.2019.119
ID  - Garmash2019/07
ER  -