Study On Trade Efficiency and Influencing Factors Between China and CPTPP Member Countries

Abstract

Based on the current development situation of economic and trade cooperation between China and CPTPP countries, this paper summarizes the bilateral trade between China and eleven member countries, describes the scale of bilateral trade, trade trend and trade balance, describes the trade structure and analyses the market structure. Using the stochastic frontier gravity model to analyze the trade efficiency, trade inefficiency, and influencing factors between China and CPTPP member countries, it is found that the trade between China and CPTPP member countries develops rapidly, the scale is increasing, and the main import and export products are machinery and transport equipment; secondly, the economic scale of China and CPTPP member countries has a positive impact on the trade efficiency, and it is important to strengthen the connectivity of liner shipping, signing FTAs, and to enhance the trade efficiency of China and its member countries. Secondly, the economic scale of China and CPTPP member countries has a positive impact on trade efficiency, strengthening liner shipping connectivity and signing FTAs can reduce trade barriers, which is conducive to trade exports and improve trade efficiency. Finally, there is a large difference in trade efficiency between China and CPTPP member countries, and the Asia-Pacific region has a greater trade potential. Given the above findings, the article puts forward relevant suggestions, to improve trade efficiency, docking international high standards of trade norms, should optimize the commodity structure, strengthen the construction of logistics, and actively promote the FTA negotiations.