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Global value chain, regional trade networks and Sino-EU FTA

机译：全球价值链，区域贸易网络和中欧自贸区

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摘要

As the largest trading partner of China, the European Union (the EU) has maintained a close economic and trade relationship with China over the past several decades. However, the deepening of interdependence between them also brought about concerns over negative impacts of the label 'Made in China' on the EU economy. This paper analyses China's global value chain (GVC) position in relation to those of EU member states, followed by a comparative assessment of trade balance and industrial competitiveness between them from both total trade value and value-added perspectives. Our empirical study provides some interesting findings. First, China's trade surplus with and industrial competitiveness over EU member states have been overestimated. In addition, changing the value-chain pattern can be the long-term driving force for a China-EU free trade agreement (FTA). Finally, this paper puts forward some suggestions for when and how FTA negotiations can be initiated, mainly from Chinese perspectives. (C) 2019 Elsevier B.V. All rights reserved.
机译：作为中国最大的贸易伙伴，欧盟在过去几十年与中国保持着密切的经贸关系。然而，它们之间相互依存的加深也引起了人们对“中国制造”标签对欧盟经济的负面影响的担忧。本文分析了中国在全球价值链中相对于欧盟成员国的地位，然后从总贸易价值和增值角度对它们之间的贸易平衡和产业竞争力进行了比较评估。我们的实证研究提供了一些有趣的发现。首先，中国对欧盟成员国的贸易顺差和产业竞争力被高估了。此外，改变价值链模式可能是中欧自由贸易协定（FTA）的长期驱动力。最后，本文主要从中国的角度对何时以及如何启动自由贸易区谈判提出了一些建议。 （C）2019 Elsevier B.V.保留所有权利。

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