Impact of Belt and Road Initiative (BRI) on China and South Asia Trade Integration


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Article type :

Original article

Author :

Mst. Sahiba Mahbub

Volume :

4

Issue :

1

Abstract :

Belt and Road Initiative (BRI) is one of the noteworthy initiatives of the Chinese government. It has been intended to interface neighboring 65 nations to enhance inter-regional international trade. This research focused on China and South Asia international trade under BRI framework. South Asian nations share pretty much the equivalent social and social foundation. From the South Asian Association of Regional Cooperation (SAARC) the initiative for trade connectivity has started in this sub-region. Later several trade agreements came into force. In this present research, researchers uncovered present trade integration with China and South Asian countries. To estimate results we have applied gravity model equation. Estimated results support that BRI has a positive and significant impact on trade Integration among China and South Asia. The significance level of P-value falls below 1%. For data analysis, several databases have been utilized likewise, UN-Comtrade, World Bank, World Integrated Trade Solution (WITS), etc. Data analysis part has done with the application of Stata.

Keyword :

Belt and Road Initiative (BRI), China, South Asia, Gravity Model Equation, Trade Integration
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