Empirical Research on Trade Potential between Xinjiang and the Eurasian Economic Union under the "Silk Road Economic Belt"
Xinjiang Uyghur Autonomous Region (referred to as Xinjiang) is the core region under "The Belt and Road" Initiative, which is also an important transportation hub and business logistics center connecting to Eurasia. Its distinctive privilege in location will promote this region to serve as a vital base for the opening up towards the west and deepening trade cooperation with European and Asian countries. The results show plenty of room for the growth of trade potential between Xinjiang and Armenia, vast potential of considerable improvement in Xinjiang-Russia and Xinjiang-Belarus trade, possible trade potential for Xinjiang and Kazakhstan, and limited potential between the trade of Xinjiang and Kyrgyzstan. Taken all the result into conclusion, the paper raises three policy suggestions: to change the way of economic development in Xinjiang, to take care of both cooperation with Middle-Asia and with Commonwealth of Independent States, and to put the construction of infrastructure in communication and transportation as a priority.
the Belt and Road Initiativetrade potentialthe Gravity ModelSilk Road Economic BeltEurasian Economic UnionXinjiang