Unimpeded trade and the construction of the China-Mongolia-Russia economic corridor: problems and prospects
Abstract
Relevance. The China-Mongolia-Russia Economic Corridor is the fastest growing of the six economic corridors within the ‘Belt and Road’ initiative. At the core of the Economic Corridor project is the concept of unimpeded trade, which is seen as a way to promote economic prosperity of the countries involved in the project and the cooperation between them.
Research objective. Our goal is to conduct a provide an overview of all the key aspects of the unimpeded trade concept in the concept of the ‘Belt and Road’ initiative.
Data and methods. The paper uses the method of abstract deduction, qualitative and quantitative analysis to evaluate the performance indicators related to unimpeded trade between China, Mongolia and Russia. It analyzes the conditions necessary for unimpeded trade under the framework of the China-Mongolia-Russia Economic Corridor.
Results. It is shown that the three countries need to accelerate the construction of the necessary transportation infrastructure, create the China-Mongolia-Russia free trade zone, facilitate trade by lowering non-tariff trade barriers, and attract additional investment.
Conclusions. The article provides an overview of the key aspects of the unimpeded trade concept within the 'Belt and Road' Initiative. The main barriers to efficient trade cooperation between China, Mongolia and Russia are identified and measures for overcoming them are proposed.
Keywords
Full Text:
PDFReferences
Bagenova.E.C. (2017). The revitalization of the old industrial base in the Northeast China and the development of the Russian Far East: the main areas of common development under the conceptual framework of the Silk Road Belt. Paper presented at the Proceedings the Fourth China-Russia Economic Cooperation and the Belt and Union Synergy High-level Think Tank Forum, Harbin .6,52-55. （In Chinese）
Borisov G.O., Dondokov Z.B.-D, Namzhilova V.O. (2017). Economic Corridor China-Mongolia-Russia:Waiting Mode. All-Russian Economic Journal,5,98-106. (In Russian)
Cai, Lingli (2017). Research on the Development of Brick Tea Culture in the Background of One Belt and One Road. Advances in Education Research, 104, 466-469.
Cao Mingchun, Ilan Alon (2020). Intellectual Structure of the Belt and Road Initiative Research: A Scientometric Analysis and Suggestions for a Future Research Agenda. Sustainability,12(17). DOI:10.3390/su12176901
Chen Guotang & Zhang Jin (2017). "China-Mongolia-Russia Economic Corridor": Prospect and Analysis of the Prospects of Complementary Economic and Trade Cooperation. Northern Economy, 10,20-23. （In Chinese）
Cheng Yijun (2017). Complex Factors that Cannot be Ignored in the Construction of the China-Mongolia-Russia Economic Corridor. Frontier，10，34-37. (In Chinese)
Dondokov Z., G Borisov. Namzhilova V (2016). Russia-Mongolia-China: Trilateral Cooperation Prospects. Problems of the Far East，1,93-101. (In Russian)
E Xiaomei (2017). Problems and Countermeasures in the Construction of the “Five-Prolonged Approach” of China-Mongolia-Russia Economic Corridor. Inner Mongolia Social Sciences, 5, 207-209. （In Chinese）
Gao Yijie (2015). Sino-Russian relations under the shadow of the new "Cold War". Phoenix Weekly，1．（In Chinese）
Komsta H., Rybicka I., Bukova B., Brumercikova E. (2018). The case study of the cargobeamer system use in rail transport in Slovakia. Transport problems, 3, 143-149. DOI: 10.20858/tp.2018.13.3.13
Koboevic Z., Kurtela Z., Vujicic S. (2018). The Maritime Silk Road and China's Belt and Road Initiative. Nase more, 2, 113-122. DOI: 10.17818/NM/2018/2.7
Li Xin (2015). Sino-Russian relations: high-profile advancing on a road with twists and turns. Phoenix Weekly，36．（In Chinese）
Mi Jun & Li Na (2018). China-Mongolia-Russia Economic Corridor: Foundation, Challenges and Paths. Asia-pacific Economic Review, 5,5-12. （In Chinese）
Qi Haishan (2015). Research on China-Russia-Mongolia Economic and Trade Cooperation under the "Belt and Road" Initiative. Northern Economy and Trade,6,14-5. （In Chinese）
Ostrovsky A.B (2016). Research on the Planning and Synergy of Economic and Trade Planning between Northeast China and Russian Far East under the Framework of "Silk Road Economic Belt". Proceedings of the Belt and Road Construction and Heilongjiang Comprehensive Revitalization Forum, Harbin,06.15,13-17. （In Chinese）
Silin Y., Kapustina L., Trevisan I., Drevalev A. (2018) The silk road economic belt: balance of interests. Economic and Political Studies,6:3, 293-318, DOI: 10.1080/20954816.2018.1499072
Sodovyn B., Saneev B. (2019). The China-Mongolia-Russia economic corridor and Mongolia's energy sector. International conference on Regional energy policy Policy of Asian Russia (Proceedings Paper). Vol.77. DOI: 10.1051/e3sconf/20197701005.
Tang Xiaodan (2017). An Analysis of the Status Quo and Prospect of the Construction of China-Mongolian-Russian Economic Corridor. Economic Relations and Trade, 6,18-21. （In Chinese）
Tian Li, Yan Nan (2018). Analysis of the Heilongjiang Province and Russia Financial Cooperation under the Construction of China-Mongolia, Mongolia-Russia Economic Corridor (Proceedings Paper), 114-119.
Wang Shumin,& Dai Rui (2017). The Influence and Countermeasures of China-Mongolia-Russia Trade Structure on the Construction of China-Mongolia-Russia Economic Corridor. Journal of Customs and Trade, 2, 85-95. （In Chinese）
Wu Zhaoli, Wang Yanhong& Meng Guangwen (2016). Trade Base and Development Proposal for the Construction of the China-Mongolia-Russia Economic Corridor. China National Conditions and Strength,12,65-68. （In Chinese）
Xiaoguang Qi, Jin Hooi Chan, Junyan Hu, Yifan Li (2020). Motivations for selecting cross-border e-commerce as a foreign market entry mode. Industrial Marketing Management, 89, 50-60, doi.org/10.1016/j.indmarman.2020.01.009.
Yanan Zhao (2020). Influencing Factors of Cross-Border E-Commerce Trade between China and “Belt and Road” Coastal and Inland Countries," Journal of Coastal Research, 103, 70-73. doi.org/10.2112/SI103-015.1
Yu Qun, & Zheng Ge (2019). Trade Problems and Countermeasures in the Construction of China-Mongolia-Russia Economic Corridor. Chinese Foreign Entrepreneurs,11,39-40. （In Chinese）
Zhan Li (2015). Related Research on Establishing China-Russia-Mongolia Free Trade Zone. 2015 Master Thesis of Capital University of Economics and Business. （In Chinese）
DOI: https://doi.org/10.15826/recon.2020.6.4.021
Copyright (c) 2020 Xiujie Zhang
Сertificate of registration media Эл № ФС77-80764 от 23.04.2021
Online ISSN 2412-0731