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Trade Impacts of China's World Trade Organization Accession

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  • Elena IANCHOVICHINA
  • Will MARTIN

Abstract

This study examines China's World Trade Organization (WTO) accession commitments and assesses their implications for China and the world using a model reflecting the importance of duty‐free intermediate inputs in China's exports. The WTO agreement built on earlier reforms that introduced competition into the trade regime, eliminated nontariff barriers and exchange rate overvaluation, and reduced tariffs. The reforms associated with accession were conservatively estimated to increase global real incomes by $74 billion per year, with $29 billion accruing to China and the remainder primarily to those countries trading directly with China. Some lower‐income developing countries faced greater competition from China in third markets.

Suggested Citation

  • Elena IANCHOVICHINA & Will MARTIN, 2006. "Trade Impacts of China's World Trade Organization Accession," Asian Economic Policy Review, Japan Center for Economic Research, vol. 1(1), pages 45-65, June.
    • Handle: RePEc:bla:asiapr:v:1:y:2006:i:1:p:45-65
    DOI: 10.1111/j.1748-3131.2006.00005.x
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    Cited by:

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    2. Mahdi Ghodsi, 2018. "The Impact of Chinese Technical Barriers to Trade on its Manufacturing Imports," wiiw Working Papers 146, The Vienna Institute for International Economic Studies, wiiw.
    3. Son Thanh Nguyen & Yanrui Wu, 2018. "China's Crowding Out Effect on East Asian Exports: Gross Value and Domestic Value‐Added Analysis," Economic Papers, The Economic Society of Australia, vol. 37(3), pages 248-269, September.
    4. Sergio Lehmann, 2010. "China en la economía global y su impacto sobre el desempeño de América Latina," Economic Policy Papers Central Bank of Chile 39, Central Bank of Chile.
    5. Guo, Zhichao & Feng, Yuanhua & Tan, Xiangyong, 2011. "Short- and long-term impact of remarkable economic events on the growth causes of China–Germany trade in agri-food products," Economic Modelling, Elsevier, vol. 28(6), pages 2359-2368.
    6. Nguyen Khanh Doanh & Yoon Heo, 2009. "Impacts of Trade Liberalisation Commitments on the Vietnamese Economy: A CGE Approach," The World Economy, Wiley Blackwell, vol. 32(4), pages 606-628, April.
    7. Sergio Lehmann & David Moreno & Patricio Jaramillo, 2007. "China, Commodity Prices and Latin American Performance: A Few Stylized Facts," Working Papers Central Bank of Chile 424, Central Bank of Chile.
    8. Imbruno, Michele, 2016. "China and WTO liberalization: Imports, tariffs and non-tariff barriers," China Economic Review, Elsevier, vol. 38(C), pages 222-237.
    9. Mahdi Ghodsi, 2020. "The impact of Chinese technical barriers to trade on its manufacturing imports when exporters are heterogeneous," Empirical Economics, Springer, vol. 59(4), pages 1667-1698, October.

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