China's Accession to the World Trade Organization: What Is at Stake for Agricultural Markets?
Center for Agricultural and Rural Development, Economics
Journal or Book Title
Applied Economic Perspectives and Policy
First Page or Article ID Number
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.
F14, Q13, Q17, Q19, P32
Fuller, Frank; Beghin, John; De Cara, Stéphane; Fabiosa, Jacinto F.; Feng, Cheng; and Matthey, Holger, "China's Accession to the World Trade Organization: What Is at Stake for Agricultural Markets?" (2003). Economics Publications. 287.