GTAP Resources: Resource Display
| GTAP Resource #147 |
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"The Impact of China and Taiwan Joining the World Trade Organization on US and World Agriculture Trade: A ComputableGeneral Equilibrium Analysis" Authors: Wang, Zhi Abstract This report quantifies 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. Integrating China and Taiwan into the global trading system could increase total world exports by as much as $78 billion, total world imports by $94 billion at 1992 constant prices, and world real consumption by $45 billion annually, as well as 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 $8.4 billion annually, causing food and agricultural exports from other regions to increase. Total U.S. food and agricultural exports could increase by as much as $2.2 billion annually, with the non-grain crops and processed food 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 $20 billion a year for China, a substantial benefit compared with the gains for the United States |
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- Agricultural policies |
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Public Access  GTAP Resource 147 (160.8 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 4/30/2026 12:56:16 PM
