Research On Potential Of Economic And Trade Between China And Latin American In "Belt And Road"

After China proposed the construction of the “Belt and Road ”,some Latin American countries also want to take part in the construction.Leaders of China and Latin American countries had visited frequently in recent years,which illustrate the importance of Latin America for China.Nowadays,with the joint efforts of China and Latin America,their economic and trade relationship have more and more better.In addition,China and Latin American countries are facing a series of problems such as economic transformation.Therefore,the desire about mutual cooperation and development is even more urgent.At present,China has established Latin America as the natural extension of the "Maritime Silk Road of the 1st Century".Based on this background,this paper studies the potential of economic and trade development between China and Latin American countries in " Belt and Road" and put forward corresponding suggestions,which has important practical significance.Firstly,this paper analyses the development of economic and trade cooperation between China and Latin America,combs the development process of economic and trade between China and Latin America in the past 40 years of reform and opening-up,and focuses on the current situation of trade and investment between China and Latin America.It is found that there is a large space for the development of trade and investment between China and Latin America,and the economic and trade exchanges between the two sides are obviously influenced by the international environment.On this basis,a qualitative analysis of the factors affecting the economic and trade development potential of China and Latin America in "Belt and Road ".The potential of economic and trade development between China and Latin America is analyzed from the following aspects,the "Belt and Road" extended Latin America is conducive for cooperation between China and Latin American,developing cross-border ecommerce by the "Belt and Road",the change of international relationship bring opportunities for economic and trade development between China and Latin American,high quality development create a new pattern of cooperation in "Belt and Road".Then,through the construction of Trade Gravity Model and investment gravity model,this paper makes an empirical analysis on the influencing factors of the economic and trade development potential between China and Latin America,and calculates their trade potential index and investment potential index respectively.It proves that there is great room for economic and tradeexchanges between China and Latin America in "Belt and Road",the promotion of "Belt and Road" has a significant role in promoting economic and trade exchanges between China and Latin America.Finally,on the basis of summarizing the current situation of economic and trade cooperation between China and Latin America and combining with the empirical analysis of the potential of China-Latin America economic and trade,this paper puts forward corresponding countermeasures and suggestions on how to better utilize the potential of China-Latin America economic and trade development.For example,we should further implement the docking of "Belt and Road" with Latin America,develop the Latin American cross-border e-commerce with the help of the "Belt and Road" construction platform,enhance the core competitiveness of China's export products and deal with trade frictions,play the "Belt and Road" investment promotion role to expand direct investment in Latin America.