Issues On Economic Relations Between The Eu And China And Evaluation On The Impact Of China S Tariff Change On The Two Economies With A Cge Model

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Issues On Economic Relations Between The Eu And China And Evaluation On The Impact Of China Tariff Change On The Two Economies With A Cge Model
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Author : Li Wang
language : en
Publisher: Logos Verlag Berlin GmbH
Release Date : 2009
Issues On Economic Relations Between The Eu And China And Evaluation On The Impact Of China Tariff Change On The Two Economies With A Cge Model written by Li Wang and has been published by Logos Verlag Berlin GmbH this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
The book focuses on issues on bilateral relations between the EU and China and evaluation on the impact of China's tariff changes on the two economies with a CGE model. Through analyzing the statistic data and relevant document, we find that for the EU, China seems to be the most important partner in Asia and predominant interests of Europe in China are in the domains of economics and politics. Economic relations are thought to be far more important for both the EU and China than other sensitive issues such as human rights. Meanwhile, using a CGE model, we find that China's tariff reduction seems to impact the Chinese economy stronger than the European economy, and China's textile and apparel industries are the biggest winners whereas the motor vehicle and parts industry is the biggest losers with China's trade liberalization.
The Sage Handbook Of European Foreign Policy
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Author : Knud Erik Jorgensen
language : en
Publisher: SAGE
Release Date : 2015-04-30
The Sage Handbook Of European Foreign Policy written by Knud Erik Jorgensen and has been published by SAGE this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-30 with Political Science categories.
During the last two decades the study of European foreign policy has experienced remarkable growth, presumably reflecting a more significant international role of the European Union. The Union has significantly expanded its policy portfolio and though empty symbolic politics still exists, the Union’s international relations have become more substantial and its foreign policy more focused. European foreign policy has become a dynamic policy area, being adapted to changing challenges and environments, such as the Arab Spring, new emerging economies/powers; the crisis of multilateralism and much more. The SAGE Handbook of European Foreign Policy, Two-Volume set, is a major reference work for Foreign Policy Programmes around the world. The Handbook is designed to be accessible to graduate and postgraduate students in a wide variety of disciplines across the humanities and social sciences. Both volumes are structured to address areas of critical concern to scholars at the cutting edge of all major dimensions of foreign policy. The volumes are composed of original chapters written specifically to the following themes: · Research traditions and historical experience · Theoretical perspectives · EU actors · State actors · Societal actors · The politics of European foreign policy · Bilateral relations · Relations with multilateral institutions · Individual policies · Transnational challenges The Handbook will be an essential reference for both advanced students and scholars.
Issues On Economic Relations Between The Eu And China And Evaluation On The Impact Of China S Tariff Change On The Two Economies With A Cge Model
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Author : Li Wang
language : en
Publisher:
Release Date : 2009
Issues On Economic Relations Between The Eu And China And Evaluation On The Impact Of China S Tariff Change On The Two Economies With A Cge Model written by Li Wang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Deutsche Nationalbibliographie Und Bibliographie Der Im Ausland Erschienenen Deutschsprachigen Ver Ffentlichungen
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Author :
language : de
Publisher:
Release Date : 2009
Deutsche Nationalbibliographie Und Bibliographie Der Im Ausland Erschienenen Deutschsprachigen Ver Ffentlichungen written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with German literature categories.
Aanwinsten Van De Centrale Bibliotheek Queteletfonds
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Author : Bibliothèque centrale (Fonds Quetelet)
language : en
Publisher:
Release Date : 1998
Aanwinsten Van De Centrale Bibliotheek Queteletfonds written by Bibliothèque centrale (Fonds Quetelet) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
Bulletin
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Author :
language : en
Publisher:
Release Date : 1996
Bulletin written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Economic policy categories.
Us China Strategic Economic Competition
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Author : Alicia García-Herrero
language : en
Publisher:
Release Date : 2020
Us China Strategic Economic Competition written by Alicia García-Herrero and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
Trade has always been a cornerstone of connectivity between nations around the world. However, the world order which was established after the second world war, based on the ideals of multilateralism, the rule of law, market economy and free trade, is undergoing massive shifts and facing a multitude of challenges. Since early 2018, rising trade tensions have become a major cause of geopolitical volatility. With the US imposing three rounds of tariffs on more than $250bn worth of Chinese goods, we witnessed China retaliating by imposing tariffs ranging from 5% to 25% on $110bn of US products. The escalating US-China tension over the last few years has not only contributed to market uncertainty but has also led many to question if multilateralism is slowly giving way to preferential trade deals, leading perhaps ultimately to the decline of multilateralism. While it has been repeatedly pointed out that the US runs a large deficit with China and it is quite well known that China has over the years flouted many global rules of trade and exchange rate management, an attempt to rectify this by raising tariffs on Chinese goods is not the best way forward. Furthermore, the US attempt to isolate China is virtually impossible as the Chinese government's Belt and Road Initiative now involves around 126 countries and 29 international organisations. While the temporary truce between the US and China in the recent G20 meeting has given cause for optimism, just days after the truce, Europe became the new target of US trade policies. The US proposal of new tariffs on EU goods worth $4bn covering 89 products could be seen as an intensification of the trade fight with the EU over aircraft subsidies. The US has been locked in a dispute with the European Union for years over two of the largest airplane manufacturers. As the escalation of trade tensions comes just after the truce with China, there is a growing sense that the danger of departure from multilateralism still looms ahead. This departure from the multilateral trade system would have pernicious long-term effects and would lead to the creation of a complex web of trade barriers erected, which will affect global economic growth and prosperity. Without US support for open market principles, and the divergent interests of economies and trading blocs, countries are facing a major choice between openness and isolation, between the belief in win-win cooperations or a zero-sum game. The need for global economic and trade cooperation has never been greater. It is important that nations strengthen their ties and uphold multilateralism and the rules-based free trade system. Europe and Asia as “natural partners” have a common interest in preserving a rules-based, cooperative and international system where multilateral organisations are the natural fora for achieving common objectives.In this issue of Panorama, we focus on the economic and trade connectivity between Asia and Europe. Our authors not only look at the US-China trade war but also provide an overview of Asia-Europe relations in the age of rising uncertainty, including the development and implications of the Asia-Europe connectivity strategy and the Belt and Road Initiative. The impact of regional blocs on trade relations between Asia and Europe is also elucidated. Aside from the various multilateral and bilateral trade deals, the articles also look at other issues such as currency swap and bilateral agreements which help to forge a common bond between Asia and Europe.
China Us Trade Frictions Shaping New Equilibriums With The Eu And The Us Towards A New Multilateralism Or Tripolarism
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Author : Xugang Yu
language : en
Publisher: World Scientific
Release Date : 2021-01-05
China Us Trade Frictions Shaping New Equilibriums With The Eu And The Us Towards A New Multilateralism Or Tripolarism written by Xugang Yu and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-01-05 with Political Science categories.
This book shows the impact of the recent trade tensions between China and the US on the world trade order, and how parties have reached a deal (so called 'phase one', January 2020), which could lead to a more comprehensive agreement, and the consequences of these 'adjustments' in shaping new equilibriums.After 40 years, China has transformed into an economic superpower, which could now rival the US. This has evoked some concerns, and put the US in an uncomfortable position, as the US views the rise of China as a threat to its predominance and interests. However, China's development and its increasing economic power, which is a direct consequence of the ongoing reform process, is unstoppable.The confrontation between China and the US will favor Chinese expansion into the EU not only because the EU offers a more receptive environment for Chinese Foreign Direct Investment, but also because the EU and China have more in common if we consider the Belt And Road Initiative and the new bilateral investment agreement which is under negotiation. The EU, not only represents the final destination of the BRI, but also a more logical and convenient trade partner for China.The shift of Chinese attention toward the EU will also change the equilibrium between China, the EU and the US, bring forth the negotiation of new trade agreements, and move the entire international community towards a new world trade order and a new multilateralism which might evolve into a tripolarism.
Us Permanent Normal Trade Relations With China
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Author : Shunli Yao
language : en
Publisher:
Release Date : 2001
Us Permanent Normal Trade Relations With China written by Shunli Yao and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
The China-US trade relation has been plagued by the threat of MFN revocation in the past 10 years. The recent passage of China WTO bill in US House of Representatives paves the way for eventually granting China the Normal Trade Relations (NTR, formerly MFN) status on a permanent basis. As a result, the annual review of China?s trading status in the US mandated by the 1974 Jackson-Vanik legislation will come to an end. However, as the ideological and political hostility between the two countries which has motivated the MFN debate still exists, the bilateral trade relation will continued to be haunted by similar threats, though may in different semantics and under different legal justifications. Using GTAP, this paper tries to assess the stakes of the US permanent NTR with China by simulating the MFN removal. Given the fact that 75% of US-China trade is handled by the Hong Kong traders, and textile and clothing accounts for a large portion of China and Hong Kong export to the US, this study focuses on how the Hong Kong?s re-export trade and the Multi-fibre Arrangement (MFA) will complicate the assessment. The US trade sanctions against China will seriously disrupt the bilateral trade and both countries will suffer substantial welfare loss. The trade sanctions will also devastate Hong Kong?s economy, as it serves as a middleman in the US-China trade and will be caught in crossfire. The trade conflict between the US and China will make the countries involved (US, China and Hong Kong) less integrated with rest of the world and others more integrated with the rest of the world. Thus, while the US, China and Hong Kong all suffer welfare losses, other countries all have welfare gains. The assessment of the impact of MFN removal on Hong Kong is made possible by the inclusion of the author?s work on Hong Kong?s re-export margins into GTAP database. Based on this work and the US tariff schedules, the author is able to estimate the effective tariff on Hong Kong?s services export to the US induced by the US trade sanctions against China. A scenario that does not consider the role of Hong Kong?s re-export in US-China trade will over-estimate the damage done to the US, as it ignores the expansion of Hong Kong?s exports of non-services sectors, which will lower the cost of the US import replacement. The US welfare loss is conditional on the existence of MFA. If the US unilaterally relaxes the MFA quota, it will reverse the welfare loss to welfare gain. This is in part because the MFA keeps the prices of the textile and clothing high and this gives the high potential of welfare gain from removing MFA on the US part alone. But if the MFN and the worldwide MFA are removed simultaneously, the US will suffer a welfare loss. In fact, the MFA is going to be phased out in 2005 under the Uruguay round agreement. Without MFA, this paper shows that the US sanctions against China will cause the US $2.9 billion loss. This will be the only outcome and the US will not have any options to buffer the damage. Thus, it is a wise move for the US to grant China the permanent NTR.
China U S Trade Issues
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Author : Congressional Service
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2018-07-18
China U S Trade Issues written by Congressional Service and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-18 with categories.
U.S.-China economic ties have expanded substantially since China began reforming its economy and liberalizing its trade regime in the late 1970s. Total U.S.-China merchandise trade rose from $2 billion in 1979 to $636 billion in 2017. China is currently the United States' largest merchandise trading partner, third-largest export market, and biggest source of imports. In 2015, sales by U.S. foreign affiliates in China totaled $482 billion. China is also the largest foreign holder of U.S. Treasury securities (at $1.2 trillion as of April 2018). China's purchases of U.S. debt securities help keep U.S. interest rates low. Despite growing commercial ties, the bilateral economic relationship has become increasingly complex and often fraught with tension. From the U.S. perspective, many trade tensions stem from China's incomplete transition to a free market economy. While China has significantly liberalized its economic and trade regimes over the past three decades, it continues to maintain (or has recently imposed) state-directed policies that appear to distort trade and investment flows. Major areas of concern expressed by U.S. policymakers and stakeholders include China's alleged widespread cyber economic espionage against U.S. firms; relatively ineffective record of enforcing intellectual property rights (IPR); discriminatory innovation policies; mixed record on implementing its World Trade Organization (WTO) obligations; extensive use of industrial policies (such as subsidies and trade and investment barriers) to promote and protect industries favored by the government; and interventionist policies to influence the value of its currency. Many U.S. policymakers argue that such policies adversely impact U.S. economic interests and have contributed to U.S. job losses in some sectors. The Trump Administration has pledged to take a more aggressive stance to reduce U.S. bilateral trade deficits, enforce U.S. trade laws and agreements, and promote "free and fair trade," including in regard to China. On March 8, 2018, President Trump announced a proclamation imposing additional tariffs on steel (25%) and aluminum (10%), based on Section 232 national security justifications (China is the world's largest producer of both of these commodities). On April 1, China announced that it had retaliated against the U.S. action by raising tariffs (from 15% to 25%) on various U.S. products, which together totaled $3 billion in 2017. On March 22, President Trump announced that action would be taken against China under Section 301 over its IPR policies deemed harmful to U.S. stakeholders. In addition, he stated that he would seek commitments from China to reduce the bilateral trade imbalance and to achieve "reciprocity" on tariff levels. On June 15, the USTR announced a two-stage plan to impose 25% ad valorem tariffs on $50 billion worth of Chinese imports. Under the first stage, U.S. tariffs would be increased on $34 billion worth of Chinese products and effective July 6. For the second stage, the USTR proposed increasing tariffs on $16 billion worth of Chinese imports, mainly targeting China's industrial policies. China released its own two-stage list of counter-retaliation of equal magnitude. President Trump then threatened 10% ad valorem tariffs on another $400 billion worth of Chinese products. On July 6, the Trump Administration implemented the first round of tariff increases and China said it would implement countermeasures. These actions could sharply reduce U.S.-China commercial ties, disrupt global supply chains, raise import prices for U.S. consumers and importers of Chinese inputs, and diminish economic growth in the United States and abroad. This report provides background and analysis of U.S.-China commercial ties, including history, major trends, issues, and outlook.