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|
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- Wang, Qingbin & Fuller, Frank H. & Hayes, Dermot J. & Halbrendt, Catherine K., 1998.
"Chinese Consumer Demand For Animal Products And Implications For U.S. Pork And Poultry Exports,"
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Policy Research Working Paper Series
2623, The World Bank.
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Center for Agricultural and Rural Development (CARD) Publications
97-bp14, Center for Agricultural and Rural Development (CARD) at Iowa State University.
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- Huang, Jikun & Rozelle, Scott, 1996. "Technological change: Rediscovering the engine of productivity growth in China's rural economy," Journal of Development Economics, Elsevier, vol. 49(2), pages 337-369, May.
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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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