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Article
China's Accession to the World Trade Organization: What Is at Stake for Agricultural Markets?
Applied Economic Perspectives and Policy
  • Frank Fuller, Iowa State University
  • John Beghin, Iowa State University
  • Stéphane De Cara, Iowa State University
  • Jacinto F. Fabiosa, Iowa State University
  • Cheng Feng, United Nations
  • Holger Matthey, Iowa State University
Document Type
Article
Publication Version
Submitted Manuscript
Publication Date
1-1-2003
DOI
10.1111/1467-9353.00146
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.

Comments

This is a working paper of an article from Applied Economic Perspectives and Policy 25 (2003): 399, doi:10.1111/1467-9353.00146.

Citation Information
Frank Fuller, John Beghin, Stéphane De Cara, Jacinto F. Fabiosa, et al.. "China's Accession to the World Trade Organization: What Is at Stake for Agricultural Markets?" Applied Economic Perspectives and Policy Vol. 25 Iss. 2 (2003) p. 399 - 414
Available at: http://works.bepress.com/john-beghin/127/