Journal Article

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

Frank Fuller, John Beghin, Stéphane De Cara, Jacinto Fabiosa, Cheng Fang and Holger Matthey

in Applied Economic Perspectives and Policy

Published on behalf of Agricultural and Applied Economics Association

Volume 25, issue 2, pages 399-414
Published in print January 2003 | ISSN: 2040-5790
Published online January 2003 | e-ISSN: 2040-5804 | DOI: https://dx.doi.org/10.1111/1467-9353.00146
China's Accession to the World Trade Organization: What Is at Stake for Agricultural Markets?

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  • International Trade
  • Agricultural Economics
  • Socialist Institutions and their Transitions
  • Economic Development

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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.

Keywords: F140; O130; O190; P320; Q170

Journal Article.  7059 words. 

Subjects: International Trade ; Agricultural Economics ; Socialist Institutions and their Transitions ; Economic Development

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