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The Impact of China and Taiwan Joining the World Trade Organization on U.S. and World Agricultural Trade: A Computable General Equilibrium Analysis

by Zhi Wang

Technical Bulletin No. (TB-1858) 52 pp, May 1997

This report quantifies the potential impact of China's and Taiwan's accession to the World Trade Organization on U.S. and world agricultural trade by means of a 12-region, 14-sector computable general equilibrium model for world trade and production. Integrating China and Taiwan into the global trading system could increase total world exports by as much as $78 billion (1992 constant prices), total world imports by $94 billion, and world real consumption by $45 billion annually, as well as induce more competition on labor-intensive products and reduce their prices.

Keywords: China, Taiwan, World Trade Organization, agricultural trade, exports, imports, world trade

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