China's Accession to the WTO: What is at Stake for Agricultural Markets?

Frank H. Fuller, John Beghin (), Jacinto F. Fabiosa, Cheng Fang, Holger Matthey and Stephane DeCara
Authors registered in the RePEc Author Service: Stéphane De Cara

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: The authors analyze the impact of China?s accession to the World Trade Organization on major crop and livestock markets using the FAPRI modeling framework. They 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 cotton 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.

Date: 2003-01-01
New Economics Papers: this item is included in nep-agr
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Published in Review of Agricultural Economics 2003, vol. 25 no. 2, pp. 399-414

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Related works:
Working Paper: CHINA’S ACCESSION TO THE WTO. WHAT IS AT STAKE FOR AGRICULTURAL MARKETS? (2002)
Working Paper: China's Accession to the WTO: What Is at Stake for Agricultural Markets? (2001)
Working Paper: China's Accession to the WTO: What Is at Stake for Agricultural Markets? (2001)
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