With Rags to Riches but Then What? Hong Kong's T & C Industry vs. the ATC and China's WTO Accession

Joseph Francois and Dean Spinanger

No 330928, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: After some 30 years in existence quotas on textile and clothing (T&C) exports from developing countries are being phased out as of 31/12/04. Using a 9 sector, 24 country/region disaggregation of GTAP4, updated with quota rents from 1998/99, the impact of this UR-dictated liberalization of trade in T&C products on Hong Kong is examined. Just as important in this context is the analysis of what China's accession to the WTO means for Hong Kong and the other major T&C exporters. How will Hong Kong T&C companies react, knowing how deeply they are involved throughout Asia and into China? And what if surge clauses – sanctioned in China's WTO Protocol of Accession – are leveled against China? These and other relevant questions lead to conclusions being drawn on the future of Hong Kong's T&C industry.

Keywords: International Development; International Relations/Trade (search for similar items in EconPapers)
Pages: 24
Date: 2001
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