Over the past three decades, the continuous advancement of global economic integration has encouraged a robust growth of international trade. International trade can positively promote economic growth, and generate higher levels of revenue and welfare...
Over the past three decades, the continuous advancement of global economic integration has encouraged a robust growth of international trade. International trade can positively promote economic growth, and generate higher levels of revenue and welfare. Based on this general point of view, it is in every economy’s interest to further diminish trade barriers, facilitate commodity export and import, and create a healthier trading environment for business entities.
However, considering trade facilitation measures a complex of various development factors, the undertaking of individual countries will have its own focus and characteristics. Specifically, China, as the world’s largest trading partner, has its own agenda on the development of trade facilitation, and has been spending enormous effort on its trade facilitation reforms.
Recognizing the significance of trade facilitation development in China, this paper aims to assess China’s trade facilitation status quo via qualitative and quantitative methods. Based on this purpose, the paper is going to be divided into 4 parts. The first part gives a background introduction to the issue at hand; the second part puts forward a qualitative analysis of China’s trade facilitation development route; the third part quantifies trade facilitation performances, and compares China’s performance with those of other selected countries and territories; the last part concludes the paper and presents policy recommendations on how to improve the status quo.