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China's Accession to the World Trade Organization: What Is at Stake for Agricultural Markets?

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  • Fuller, Frank
  • Beghin, John
  • De Cara, Stéphane
  • Fabiosa, Jacinto F.
  • Feng, Cheng
  • Matthey, Holger

Abstract

We analyze the impact of China's accession to the World Trade Organization on major crop and livestock markets using the Food and Agricultural Policy Research Institute (FAPRI) modeling framework. We 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 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.

Suggested Citation

  • Fuller, Frank & Beghin, John & De Cara, Stéphane & Fabiosa, Jacinto F. & Feng, Cheng & Matthey, Holger, 2003. "China's Accession to the World Trade Organization: What Is at Stake for Agricultural Markets?," ISU General Staff Papers 200301010800001301, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:200301010800001301
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    2. Muhammad, Andrew & McPhail, Lihong & Kiawu, James, 2012. "Do U.S. Cotton Subsidies Affect Competing Exporters? An Analysis of Import Demand in China," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 44(2), pages 235-249, May.
    3. Vakhshtayn, Victor (Вахштайн, Виктор), 2018. "Collective Memory as a Resource for the Conceptualization of Public and Private Spaces in the Metropolis [Коллективная Память Как Ресурс Концептуализации Публичных И Приватных Пространств В Мегаполисе]," Working Papers 031825, Russian Presidential Academy of National Economy and Public Administration.
    4. Mao, R., 2018. "A Firm-Level Reappraisal of Real Exchange Rate Undervaluation in China s Agricultural Exports and Growth," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 276987, International Association of Agricultural Economists.

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