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Main Trends Of The Romanian Agri-Food Trade With China

Author

Listed:
  • Camelia GAVRILESCU

    (Institute of Agricultural Economics, Romanian Academy, Bucharest)

Abstract

Since joining the World Trade Organisation (WTO) in 2001, China has become an increasingly important player on the world general and agri-food markets. Since 2008, its agri-food trade balance has turned negative and the deficit increased continuously. The present paper explores the main features of the Chinese agri-food trade, and its exports, imports and trade balance with Romania. The results show that although the trade flows between the two countries increased significantly, the growth rate of the imports has been far higher than that of exports, resulting in a huge trade deficit for Romania.

Suggested Citation

  • Camelia GAVRILESCU, 2023. "Main Trends Of The Romanian Agri-Food Trade With China," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 20(1), pages 3-14.
    • Handle: RePEc:iag:reviea:v:20:y:2023:i:1:p:3-14
    as

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    References listed on IDEAS

    as
    1. Vasilii Erokhin & Gao Tianming & Luminita Chivu & Jean Vasile Andrei, 2022. "Food security in a food self-sufficient economy: A review of China's ongoing transition to a zero hunger state," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 68(12), pages 476-487.
    2. Albert Park & Hehui Jin & Scott Rozelle & Jikun Huang, 2002. "Market Emergence and Transition: Arbitrage, Transaction Costs, and Autarky in China's Grain Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(1), pages 67-82.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    agri-food trade; Romania; China; trade balanc;
    All these keywords.

    JEL classification:

    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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