Study on the Economic Effects of China-SAARC FTA: Based on GTAP Model

DOI

10.2991/hsmet-18.2018.21How to use a DOI?

Keywords

The belt and road initiative; SAARC; Trade liberalization; Economic effects; GTAP model

Abstract

SAARC countries are the important areas in the construction of " the Belt and Road Initiative ". Promoting trade liberalization between China and SAARC will inject new vigor into the economic and trade development of both sides. GTAP model was used to evaluate the prospects of trade liberalization between China and SAARC. The study found that: On the whole, trade liberalization between China and SAARC promotes the economic growth and welfare level as well as import and export trade on both sides. As for industry influence, the textile industry among China, Bangladesh and Pakistan, planting industry in India, light industry in Sri Lanka, and the rest of the SAARC food processing industry are increased the most obviously in the domestic output level and export growth level. However, China’s planting, resource and light industries will be adversely affected. Based on the above information, this paper puts forward the policy proposal of promoting trade liberalization of both sides under the background of “B&R”.

Copyright

© 2018, 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  - Rongbo Wang
AU  - Jun Zhang
PY  - 2018/06
DA  - 2018/06
TI  - Study on the Economic Effects of China-SAARC FTA: Based on GTAP Model
BT  - Proceedings of the 2018 3rd International Conference on Humanities Science, Management and Education Technology (HSMET 2018)
PB  - Atlantis Press
SP  - 97
EP  - 104
SN  - 2352-5398
UR  - https://doi.org/10.2991/hsmet-18.2018.21
DO  - 10.2991/hsmet-18.2018.21
ID  - Wang2018/06
ER  -