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GTAP Resource #107

"China and Taiwan Access to the World Trade Organization: Implications for U.S. Agriculture and Trade"
by Wang, Zhi

This paper investigates the impact of China's and Taiwan's accession to the World Trade Organization on U.S. and world agricultural trade by means of a 12-region, 14-sector Computable General Equilibrium model for world trade and production. The simulation results show that integrating China and Taiwan into the global trading system could induce more competition on labor-intensive products and reduce their prices. It could drive up the demand for capital and skill-intensive manufactured goods, thus further improving industrial countries' terms of trade. The expansion of labor-intensive sectors in China could also induce contraction in agricultural exports from China and increase its net agricultural imports by as much as $9 billion annually, causing food and agricultural exports from other regions to increase. Total U.S. food and agricultural exports could increase by about $2.4 billion annually, with the non-grain crop sectors gaining the most. The biggest winner from China's WTO accession is China itself. WTO membership could bring a net welfare gain of about $30 billion a year for China, a substantial benefit compared with the gains for the United States ($8.5 billion).

Resource Details (Export Citation) GTAP Keywords
Category: GTAP Application
Status: Published
By/In: Agricultural Economics, 17: 239-264.December
Date: 1997
Created: Bacou, M. (9/27/2000)
Updated: Wang, Z. (8/27/2007)
Visits: 1,952
- Agricultural policies

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