U.S.-CHINA AGRICULTURAL TRADE: CONSTRAINTS AND POTENTIAL

Eric J. Wailes, Cheng Fang and Francis Tuan

Journal of Agricultural and Applied Economics, 1998, vol. 30, issue 01, 14

Abstract: China's agricultural trade expanded rapidly following economic reforms and the open-door policy adopted in the late 1970s. The composition of agricultural trade with China follows its labor-abundant and land-scarce resource endowment with imports of bulk and processed intermediates and exports of consumer-ready and processed goods. Constraints on U.S.-China agricultural trade include tariffs, state trading, food security policies, and other nontariff barriers. Growth potential is based on China's fundamental demand forces including the world's largest population, a high real-income growth rate, an emerging urban middle class, and further trade reforms to be implemented through accession to the World Trade Organization.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15092

DOI: 10.22004/ag.econ.15092

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