How free trade agreement affects the success of China's Belt and Road infrastructure projects
Abstract After China launched the Belt and Road Initiative in 2013, the Chinese government has invested over 1200 infrastructure projects in countries along the Belt and Road, and nearly 10% of the projects have failed or been delayed. China has also concluded free trade agreements with many countri...
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| Format: | Article |
| Language: | English |
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Wiley
2022-12-01
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| Series: | International Studies of Economics |
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| Online Access: | https://doi.org/10.1002/ise3.32 |
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| _version_ | 1832086596463099904 |
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| author | Beibei Hu Yuying Jin Kai Wang |
| author_facet | Beibei Hu Yuying Jin Kai Wang |
| author_sort | Beibei Hu |
| collection | DOAJ |
| description | Abstract After China launched the Belt and Road Initiative in 2013, the Chinese government has invested over 1200 infrastructure projects in countries along the Belt and Road, and nearly 10% of the projects have failed or been delayed. China has also concluded free trade agreements with many countries along the Belt and Road to reduce trade and investment barriers to promote economic and trade cooperation. This paper analyzes whether the signing of the free trade agreement (FTA) is conducive to promoting China's infrastructure investment projects’ success in the countries along the Belt and Road. We conclude that the signing of the FTA agreement is conducive to reducing the failure rate of China's infrastructure investment in the countries along the Belt and Road. For deeper FTAs, the effect is more pronounced. This paper further explores the investment provision of FTA and concludes that investment provision can improve the success rate of investment, especially if it includes provision of national treatment in the pre‐establishment and the dispute settlement mechanism. |
| format | Article |
| id | doaj-art-c0492747d1294fe6ab19e61f23750a3b |
| institution | Kabale University |
| issn | 2831-3224 |
| language | English |
| publishDate | 2022-12-01 |
| publisher | Wiley |
| record_format | Article |
| series | International Studies of Economics |
| spelling | doaj-art-c0492747d1294fe6ab19e61f23750a3b2025-02-06T11:40:41ZengWileyInternational Studies of Economics2831-32242022-12-0117448449810.1002/ise3.32How free trade agreement affects the success of China's Belt and Road infrastructure projectsBeibei Hu0Yuying Jin1Kai Wang2School of Business Shanghai University of International Business and Economics Shanghai ChinaCollege of Business Shanghai University of Finance and Economics Shanghai ChinaCollaborative Innovation Center of China Free Trade Zone Shanghai University of Finance and Economics Shanghai ChinaAbstract After China launched the Belt and Road Initiative in 2013, the Chinese government has invested over 1200 infrastructure projects in countries along the Belt and Road, and nearly 10% of the projects have failed or been delayed. China has also concluded free trade agreements with many countries along the Belt and Road to reduce trade and investment barriers to promote economic and trade cooperation. This paper analyzes whether the signing of the free trade agreement (FTA) is conducive to promoting China's infrastructure investment projects’ success in the countries along the Belt and Road. We conclude that the signing of the FTA agreement is conducive to reducing the failure rate of China's infrastructure investment in the countries along the Belt and Road. For deeper FTAs, the effect is more pronounced. This paper further explores the investment provision of FTA and concludes that investment provision can improve the success rate of investment, especially if it includes provision of national treatment in the pre‐establishment and the dispute settlement mechanism.https://doi.org/10.1002/ise3.32Belt and Road Initiative (BRI)Free Trade Agreement (FTA)infrastructure projects |
| spellingShingle | Beibei Hu Yuying Jin Kai Wang How free trade agreement affects the success of China's Belt and Road infrastructure projects International Studies of Economics Belt and Road Initiative (BRI) Free Trade Agreement (FTA) infrastructure projects |
| title | How free trade agreement affects the success of China's Belt and Road infrastructure projects |
| title_full | How free trade agreement affects the success of China's Belt and Road infrastructure projects |
| title_fullStr | How free trade agreement affects the success of China's Belt and Road infrastructure projects |
| title_full_unstemmed | How free trade agreement affects the success of China's Belt and Road infrastructure projects |
| title_short | How free trade agreement affects the success of China's Belt and Road infrastructure projects |
| title_sort | how free trade agreement affects the success of china s belt and road infrastructure projects |
| topic | Belt and Road Initiative (BRI) Free Trade Agreement (FTA) infrastructure projects |
| url | https://doi.org/10.1002/ise3.32 |
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