Research on the Impact of ASEAN and China Japan South Korea's"10+3"Cooperation Mechanism on China's Chemical Product Trade
With the continuous advancement of world economic integration,the East Asian region has gradually signed multiple bilateral or multilateral free trade agreements.The establishment of the"10+3"cooperation mechanism between ASEAN and China,Japan,and South Korea is a major measure in China's opening-up process.To measure the trade effects of Chinese chemical products,a theoretical model was constructed and empirically tested.Relevant data from 226 countries and regions around the world from 1990 to 2020 were selected,and the PSM-DID model was used to examine the impact of the"10+3"cooperation countries on the trade effects of Chinese chemical products from three perspectives:total trade volume,imports,and exports.The results showed that there were significant trade creation and transfer effects in the import and export of Chinese chemical products under the"10+3"situation,and they passed the common trend test and placebo test.On this basis,this article proposes relevant policy recommendations in a relative manner,in order to provide reference value for the construction and scale expansion of China's free trade zones in the future.
万方数据
