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China'S Accession To The World Trade Organization: Impact On Agricultural Markets

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  • Fuller, Frank H.
  • Beghin, John C.
  • Fabiosa, Jacinto F.
  • Fang, Cheng
  • de Cara, Stephane
  • Matthey, Holger

Abstract

We analyze the impact of China's accession to the WTO on agricultural markets using the FAPRI modeling framework. Our analysis includes major crops, livestock sectors, and exogenous changes in consumer income, expanded textile production, and policies. Chinese livestock, grain and oilseed crushing industries experience lower revenues, while cotton production prospers with accession, despite increased cotton imports. Most food prices decrease with accession. Chinese consumers benefit from these lower prices, with vegetable oil, dairy and meat consumption increasing significantly. The increase in world agricultural trade with China benefits Argentina (soy meal and oil); Brazil (soy oil and poultry); Canada (pork); the EU (pork); and the United states (pork, poultry, soy oil).

Suggested Citation

  • Fuller, Frank H. & Beghin, John C. & Fabiosa, Jacinto F. & Fang, Cheng & de Cara, Stephane & Matthey, Holger, 2001. "China'S Accession To The World Trade Organization: Impact On Agricultural Markets," 2001 Annual meeting, August 5-8, Chicago, IL 20619, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea01:20619
    DOI: 10.22004/ag.econ.20619
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    References listed on IDEAS

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