Author(s)

Haoran Liu ¹

Affiliation(s)

¹ School of International Education, Beijing Institute of Technology, Beijing, China

Corresponding Author

Haoran Liu

ABSTRACT

This paper adopts the trade gravity model for empirical analysis, and analyzes the total agricultural trade and trade structure of China based on the data related to the import and export trade of agricultural products between China and RCEP member countries in the past ten years from 2010 to 2020, in addition to the basic situation and structural characteristics of the agricultural trade of other 14 RCEP member countries in the past ten years, as well as their agricultural products trade with China. The results show that the scale of economic development, population, population, and the potential of agricultural trade with China. The results show that the scale of economic development, population, distance and the ratio of agricultural exports from other RCEP countries to China to their total agricultural exports to the world have significant positive effects on the trade potential. By measuring the trade potential, it is concluded that the highest index of agricultural trade potential with China is Australia, and the agricultural trade potential between the two countries has been almost fully exploited. China's agricultural trade potential index with ASEAN and South Korea is at a moderate stage and still has some room for improvement, while China's agricultural trade potential index with New Zealand and Japan is relatively low, and there is more room for trade development compared with Australia, ASEAN and South Korea. All in all, China has huge trade potential with RCEP member countries in agricultural trade, and there is still a huge room for growth in the future. Finally, this paper also puts forward corresponding suggestions to improve the cooperation and exchange between China and RCEP member countries in agricultural trade and to explore more trade potential.

KEYWORDS

RCEP, agricultural trade, trade gravity model, trade potential

CITE THIS PAPER

Haoran Liu, Study on the Potential of Agricultural Trade between China and RCEP Member Countries. Financial Engineering and Risk Management (2022) Vol. 5: 14-26. DOI: http://dx.doi.org/10.23977/ferm.2022.050603.

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