Empirical Assessment of Trade Engagements: Africa, China and the Maritime Belt and Road Initiative
Emmanuel, Igbinoba | December 2017
The Belt and Road Initiative (BRI) is the most important economic program initiated by a developing country, with the intent of enhancing trade and economic development across continents. While expectations persist that the initiative can contribute to Africa’s trade and developmental process, there exist limited evidences to support and uphold the notion. This study attempts to evaluate the degree of trade relations between China and selected African countries along the 21st century Maritime Silk Road and further assess the trade potentials and gains inherent for African economies. By applying trade indicators to trade data extracted on selected African countries along the Maritime Belt route, this paper explored some of the channels through which the initiative can exert and enhance bilateral trade gains between both parties. Findings indicate that the trade pattern and structure between China and Africa are more complementary than competitive, and the initiative can provide opportunities for Africa to improve on its product diversification and trade intensity. This study further assesses the potential impact of the initiative on South Korean engagement in Africa, and outlines areas and sectors where investment opportunities and potentials exist.
CitationEmmanuel, Igbinoba. 2017. Empirical Assessment of Trade Engagements: Africa, China and the Maritime Belt and Road Initiative. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/7936.
Economies in transition
Gross domestic product
Regional Economic Integration
Economic development projects
Success in business
Communication in economic development
Restraint of trade
International economic integration