China's Accession to the WTO: What is at Stake for Agricultural Markets?
The authors analyze the impact of China?s accession to the World Trade Organization on major crop and livestock markets using the FAPRI modeling framework. They incorporate expected changes in consumer income, textile production, and trade policies as exogenous shocks to the baseline model. Following accession, revenues decline in China?s livestock, grain, and oilseed industries, while cotton production prospers despite increased cotton imports. Chinese consumers benefit from lower food prices, with vegetable oil, dairy, and meat consumption increasing significantly. Argentina, Brazil, Canada, the European Union, and the United States are the greatest beneficiaries from expanded agricultural trade with China.
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|Date of creation:||01 Jan 2003|
|Date of revision:|
|Publication status:||Published in Review of Agricultural Economics 2003, vol. 25 no. 2, pp. 399-414|
|Contact details of provider:|| Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070|
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
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- Wang, Qingbin & Fuller, Frank H. & Hayes, Dermot J. & Halbrendt, Catherine, 1998.
"Chinese Consumer Demand for Animal Products and Implications for U.S. Pork and Poultry Exports,"
Staff General Research Papers
1163, Iowa State University, Department of Economics.
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Journal of Economic Integration,
Center for Economic Integration, Sejong University, vol. 16, pages 421-445.
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Center for Agricultural and Rural Development (CARD) Publications
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- Fang, Cheng & Beghin, John C., 2003. "Protection and Comparative Advantage of Chinese Agriculture: Implications for Regional and National Specialization," Staff General Research Papers 10102, Iowa State University, Department of Economics.
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