Hello, I'm Dr. Vasilii Erokhin.
I'm an Associate Professor at the School of Economics and Management,
Harbin Engineering University, China.
Today, I would like to talk to you about China's trade in
agricultural products in terms of the outward looking Belt and Road Initiative.
In particular, we are going to be talking about
the assessment of competitive advantages and an approach to
the identification of competitive and non-competitive agricultural products
in an export portfolio of a country.
In a globalized world,
addressing the competitiveness of a country has
become a more prominent issue than ever before.
International trade allows countries to utilize
their competitive advantages and gain
benefits from greater involvement into the global exchange.
Growing competition from foreign countries spurs
domestic producers to increase efficiency and cut production costs.
While in turn producing
competitive internationally traded products has a significant impact on trade volumes
and patterns of a country and determines
relative positions of domestic producers in external markets.
The volume of exports and the share of a country in
the world exports are influenced by a number of factors.
The major of which is the ability to generate exportable surpluses of
particular commodities employing various competitive advantages
in their production and trade.
It's rather challenging to identify and interpret those advantages especially in relation
to agriculture where the output is affected by many variables including natural factors.
While the expansion of export trading involves food security issues.