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Can China meet its purchase obligations under the Phase One Trade Agreement?

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  • Andrew Muhammad
  • Stephen A. Smith
  • Jason H. Grant

Abstract

This paper examines China's likelihood of meeting its purchase obligations under the Phase One Trade Agreement. In 2020, US agricultural exports to China ($27.2 billion) were 85% higher than in 2019 but 18% short of the first‐year Phase One goal ($33.4 billion). Evidence shows that many sectors experienced no change, particularly when compared to exports before the trade war. Some sectors benefited from China's overall demand growth and not necessarily from agreement commitments. Although there were substantial increases in exports of other major products (e.g., corn and poultry), these increases could not make up for less than expected soybean exports.

Suggested Citation

  • Andrew Muhammad & Stephen A. Smith & Jason H. Grant, 2022. "Can China meet its purchase obligations under the Phase One Trade Agreement?," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(3), pages 1393-1408, September.
    • Handle: RePEc:wly:apecpp:v:44:y:2022:i:3:p:1393-1408
    DOI: 10.1002/aepp.13180
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    References listed on IDEAS

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