Trade Liberalization In China S Accession To The World Trade Organization
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Trade Liberalization In China S Accession To The World Trade Organization
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Author : Elena Ianchovichina
language : en
Publisher: World Bank Publications
Release Date : 2001
Trade Liberalization In China S Accession To The World Trade Organization written by Elena Ianchovichina and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Apertura economica - China categories.
China's forthcoming access to the World Trade Organization involves reform in many sectors, both domestic and trade-related. The starting point for reform is a partially reformed economy with relatively high import duties, in which export sectors benefit from liberal duty exemptions on inputs. Both China and its major trading partners will gain from access - with China gaining most (perhaps half of the estimated $56 billion in annual welfare gains). Some developing countries will suffer small losses because of increased competition from China. The adjustments required are greatly reduced by China's dramatic liberalization in the 1990s.
Trade Liberalization In China S Accession To The World Trade Organization
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Author : Elena Ianchovichina
language : en
Publisher:
Release Date : 2016
Trade Liberalization In China S Accession To The World Trade Organization written by Elena Ianchovichina and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
China's forthcoming access to the World Trade Organization involves reform in many sectors, both domestic and trade-related. The starting point for reform is a partially reformed economy with relatively high import duties, in which export sectors benefit from liberal duty exemptions on inputs. Both China and its major trading partners will gain from access - with China gaining most (perhaps half of the estimated $56 billion in annual welfare gains). Some developing countries will suffer small losses because of increased competition from China. The adjustments required are greatly reduced by China's dramatic liberalization in the 1990s.Before reform, China's trade was dominated by a few foreign trade corporations with monopolies on the trade of specific ranges of products. Planners could control imports through these corporations so there was little need for conventional instruments such as tariffs, quotas, and licenses. Trade reforms increased the range of enterprises eligible to trade in specific commodities and led to the development of indirect new trade instruments, such as duty exemptions. Duty exemptions almost completely liberalized the imports of intermediate inputs used to produce exports and investment goods used in join ventures with foreign enterprises.Comprehensive liberalization measures in China's World Trade Organization (WTO) accession package will help ease this problem as tariff reduction reduces the costs of domestic inputs to exporters. WTO commitments will also lead to the abolition of most nontariff barriers and of quotas on textiles and clothing.With accession, China's share of world exports may almost double between 1995 and 2005 - an estimate that is smaller than those found in studies that do not incorporate duty exemptions. (Duty exemptions were a form of partial liberalization, so any further reduction in protection will boost trade volume less than some estimate.) With reform, labor-intensive industries are expected to grow most, especially exports of apparel. Wages of unskilled workers should rise.This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to assess the implications of trade reform for developing countries.
Economic Impacts Of China S Accession To The World Trade Organization
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Author : Elena Ianchovichina
language : en
Publisher: World Bank Publications
Release Date :
Economic Impacts Of China S Accession To The World Trade Organization written by Elena Ianchovichina and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Abstract: 1 billion) and trade reforms after accession will lead to additional gains of around : Ianchovichina and Martin present estimates of the impact of accession by China and Chinese Taipei to the World Trade Organization. China is estimated to be the biggest beneficiary, followed by Chinese Taipei and their major trading partners. Accession will boost the labor-intensive manufacturing sectors in China, especially the textiles and apparel sector that will benefit directly from the removal of quotas on textiles and apparel exports to North America and Western Europe. Consequently, developing economies competing with China in third markets may suffer relatively small losses. China has already benefited from the reforms undertaken between 1995 and 2001 (US.
China S Accession To The World Trade Organization
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Author : Robert Ash
language : en
Publisher: Routledge
Release Date : 2013-04-03
China S Accession To The World Trade Organization written by Robert Ash and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-03 with Business & Economics categories.
With China's accession to the World Trade Organization imminent, this book brings together the expert views of scholars, policy-makers and business representatives on the consequences of this historic event. Insight into the past and future of China's relationship to the WTO is offered by authors involved on both sides of the negotiations on the EU-China bilateral agreement of May 2000 and the on-going negotiations up to spring 2001. An analyst and representatives from four economic sectors (the automobile industry, telecommunications, insurance and banking) clash over their predictions for the future. Also presented is an investigation of the challenges for China's political, social and legal systems, and revealing prognoses are given for the implications for global trade and investment flows for the EU and Greater China, and for the modus operandi of the WTO itself. By shedding light on economic effects and social and legal implications, the book gives a comprehensive picture of potential challenges arising from China's entry to the WTO.
China And The Wto
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Author : Deepak Bhattasali
language : en
Publisher: World Bank Publications
Release Date : 2004-07-09
China And The Wto written by Deepak Bhattasali and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-07-09 with Business & Economics categories.
China's accession to the WTO requires a great many specific policy reforms. However, if the best results are to be obtained, it is important that these reforms be implemented as part of a consistent development program, rather than simply by treating them as a recipe. To do this, policy makers must understand the range and nature of the policy changes required by accession, their implications for the economy, and the availability and effects of supporting policies. 'China and the WTO' analyzes the nature of the reforms involved in China's accession to the WTO, assesses their implications for the world economy, and examines the implications for individual households, particularly the poor. Its key objective is to provide the information that will allow policy makers to implement WTO commitments and formulate supporting policies to contribute strongly to economic development and poverty reduction. Individual chapters by leading scholars analyze the nature of the reforms in key areas, such as agriculture, services, intellectual property and safeguards and anti-dumping. These chapters form the building blocks for later chapters which analyze the implications of reform for the economy. The book also includes a series of studies that assess the implications for households, taking into account the social safety net policies applying in China, and the impacts of complementary policies in areas such as labor market reform and investments in human capital. Of interest to policymakers, academe and students studying international trade issues and to practitioners in the area of trade and development, 'China and the WTO' is a valuable addition to the wealth of information provided by the World Bank Trade and Development Series.
China And Global Trade Governance
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Author : Ka Zeng
language : en
Publisher: Routledge
Release Date : 2013-12-13
China And Global Trade Governance written by Ka Zeng and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-13 with Political Science categories.
China's historic accession to the World Trade Organization (WTO) in November 2001 not only represents an important milestone in the country’s transition to a market economy and integration into the global economy, but is also among the most important events in the history of the WTO and the multilateral trading system. China and Global Trade Governance: China's First Decade in the World Trade Organization provides us with some fresh empirical data to assess the country’s behaviour in the liberal international economic regime. Such an assessment is both timely and necessary as it can help us better understand China’s role in the evolving structure of global economic governance, in addition to shedding light on the broader debate about the implications of the rise of China for the international system. Through a thorough examination of China’s WTO compliance record and its experience in multilateral trade negotiations, this book seeks to better understand the sources of constraints on China’s behaviour in the multilateral trade institution as well as the country’s influence on the efficacy of the World Trade Organization. In doing so, this project speaks directly to the following questions raised by China’s unprecedented ascent in the international system: Is China a rule maker, rule follower, or rule breaker in international regimes? Is Beijing a responsible stakeholder capable of making positive contributions to global trade governance in the long-term?
Economic Impacts Of China S Accession To The World Trade Organization
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Author : Elena Ianchovichina
language : en
Publisher: World Bank Publications
Release Date : 2003
Economic Impacts Of China S Accession To The World Trade Organization written by Elena Ianchovichina and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Base Year categories.
Abstract: 1 billion) and trade reforms after accession will lead to additional gains of around : Ianchovichina and Martin present estimates of the impact of accession by China and Chinese Taipei to the World Trade Organization. China is estimated to be the biggest beneficiary, followed by Chinese Taipei and their major trading partners. Accession will boost the labor-intensive manufacturing sectors in China, especially the textiles and apparel sector that will benefit directly from the removal of quotas on textiles and apparel exports to North America and Western Europe. Consequently, developing economies competing with China in third markets may suffer relatively small losses. China has already benefited from the reforms undertaken between 1995 and 2001 (US.
The Impact Of China S Wto Accession On East Asia
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Author : Elena Ianchovichina
language : en
Publisher: World Bank Publications
Release Date : 2003
The Impact Of China S Wto Accession On East Asia written by Elena Ianchovichina and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Capital categories.
Abstract: China's World Trade Organization (WTO) accession will have major implications for China and present both opportunities and challenges for East Asia. Ianchovichina and Walmsley assess the possible channels through which China's accession to the WTO could affect East Asia and quantify these effects using a dynamic computable general equilibrium model. China will be the biggest beneficiary of accession, followed by the industrial and newly industrializing economies (NIEs) in East Asia. But their benefits are small relative to the size of their economies and to the vigorous growth projected to occur in the region over the next 10 years. By contrast, developing countries in East Asia are expected to incur small declines in real GDP and welfare as a result of China's accession, mainly because with the elimination of quotas on Chinese textile and apparel exports to industrial countries China will become a formidable competitor in areas in which these countries have comparative advantage. With WTO accession China will increase its demand for petrochemicals, electronics, machinery, and equipment from Japan and the NIEs, and farm, timber, energy products, and other manufactures from the developing countries in East Asia. New foreign investment is likely to flow into these expanding sectors. The overall impact on foreign investment is likely to be positive in the NIEs, but negative for the less developed East Asian countries as a result of the contraction of these economies' textile and apparel sector. As China becomes a more efficient supplier of services or a more efficient producer of high-end manufactures, its comparative advantage will shift into higher-end products. This is good news for the poor developing economies in East Asia, but it implies that the impact of China's WTO accession on the NIEs may change to include heightened competition in global markets. This paper"a product of the Economic Policy Division, Poverty Reduction and Economic Management Network"is part of a larger effort in the network to assess the impact of China's WTO accession.
China And The Wto
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Author : Supachai Panitchpakdi
language : en
Publisher: John Wiley & Sons
Release Date : 2002-01-25
China And The Wto written by Supachai Panitchpakdi and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-01-25 with Business & Economics categories.
This work analyses the implications for world trade of China's entry into the World Trade Organization. It has taken fifteen long years of dialogue and heated debate and it will take its place among the other members at the end of 2001. This momentous event is relayed by the next WTO Chairman.
The Politics Of China S Accession To The World Trade Organization
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Author : Hui Feng
language : en
Publisher: Taylor & Francis
Release Date : 2006
The Politics Of China S Accession To The World Trade Organization written by Hui Feng and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
Grounded on a series of first-hand interviews with Chinese government officials, this book examines China's accession to the World Trade Organization, providing an 'inside' look at Chinese WTO accession negotiations. Presenting a systematic political economy model in analyzing Beijing's decision-making mechanisms, the book argues that China's WTO policy making is a state-led, leadership driven, and top-down process. Feng explores how China's determined political elite partly bypassed and partly restructured a largely reluctant and resistant bureaucracy, under constant pressure from an increasingly globalized international system. By addressing China's accession to the WTO from a political analysis perspective, the book provides a theoretically informed and intriguing examination of China's foreign economic policy making regime. The book highlights contemporary debates relating to state and institutionalist theory and provides new and useful insights into a significant development of this century.