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

Date
2003-01-01
Authors
Fuller, Frank
Beghin, John
De Cara, Stéphane
Fabiosa, Jacinto
Feng, Cheng
Matthey, Holger
Journal Title
Journal ISSN
Volume Title
Publisher
Altmetrics
Authors
Research Projects
Organizational Units
Economics
Organizational Unit
Journal Issue
Series
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.

Description
<p>This is a working paper of an article from <em>Applied Economic Perspectives and Policy </em>25 (2003):<em> </em>399, doi:<a href="http://dx.doi.org/10.1111/1467-9353.00146" target="_blank">10.1111/1467-9353.00146</a>.</p>
Keywords
accession, agricultural trade, China, policy analysis, simulation models, trade liberalization, World Trade Organization
Citation
Collections