Research on Strategic Platforms and Countermeasures of Sichuan and Australia's Bilateral Trade Under the Background of "the Belt and Road Initiatives'"


Zhang L., Zhang J.

16th International Conference on Management Science and Engineering Management (ICMSEM), Ankara, Turkey, 3 - 06 August 2022, vol.144, pp.811-824 identifier

  • Publication Type: Conference Paper / Full Text
  • Volume: 144
  • Doi Number: 10.1007/978-3-031-10388-9_58
  • City: Ankara
  • Country: Turkey
  • Page Numbers: pp.811-824
  • Keywords: The Belt and Road Initiative (BRI), Bilateral trade, Countermeasures, Sichuan, Australia
  • Gazi University Affiliated: No

Abstract

Through participating actively in economic globalization, China's foreign trade has continued to expand and its economy has developed rapidly. In this process, the degree of economic globalization in China's coastal areas is much higher than that in inland areas. The proposal of "the Belt and Road Initiative" (hereafter the BRI) has provided huge opportunities for economic and trade development of the western region. Sichuan province is the economic center of the western inland region; however, Sichuan's economic and foreign trade is relatively lagging behind. Foreign trade with Australia accounts for only a small percentage of Sichuan's total trade. Therefore, in order to reach a new round of high-level and comprehensive opening-up, Sichuan should make full use of the BRI opportunity to develop its foreign trade with Australia. The main aim of this paper is to analyze strategic platforms and countermeasures of promoting two-way trade between Sichuan and Australia. The results are expected to help to enlarge the areas of bilateral cooperation, shorten the space distance with Australia, and also bring valuable references to other inland provinces in China. This paper is organized by five parts: after a short introduction, a theoretical framework will be presented. Then, the current situation of bilateral trade cooperation between China and Australia, especially between Sichuan and Australia, will be analyzed, finally four strategic platforms and suggestions for promoting bilateral trade between Sichuan and Australia will be put forward.