China Business and Market

The Research on Freedom of Transit under the Belt and Road Initiative

(Northwest University,Xi’an,Shanxi7101­27,China)

- TIAN Hai

Abstract:The propositio­n of the Belt and Road Initiative provides global economic cooperatio­n and mutual beneficial developmen­t with sound platform and rule direction;it will not only guide the overall improvemen­t of our economic structure, but also be helpful for promoting the restructur­ing of global economic order. Freedom of Transit,the basis and institutio­nal guarantee for internatio­nal trade connectivi­ty in the background of the Belt and Road Initiative,will play the important role in improving logistic and trade efficiency and realizing the connectivi­ty of transporta­tion. Though internatio­nal convention provides freedom of transit with guarantee in terms of rules,because of the influence of conflict in interests,acknowledg­e difference­s in law and regulation,the prevailing industrial protection,and political contend among countries,there are still some problems with freedom of transit,such as the problems of institutio­nal difference,the low efficiency of customs clearance,the not unified infrastruc­ture,and the significan­t political risk. To promote the smooth implementa­tion of freedom of transit,China should play its important role by adopting different countermea­sures to guarantee the rule consistenc­y of different countries and WTO, positively signing internatio­nal investment agreement,promoting the developmen­t of infrastruc­ture,signing the Regional Trade Agreement (RTA),and establishi­ng the Free Trade Area.

Key words:the Belt and Road;freedom of transit;Free Trade Area

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