Tracking Distortions in Agriculture : China and Its Accession to the World Trade Organization

Tracking Distortions in Agriculture : China and Its Accession to the World Trade Organization

This article examines the impacts of China's accession to the World Trade Organization (WTO) on prices in its agricultural sector. The analysis uses a new methodology to estimate nominal protection rates in China's agricultural sector bef...

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Bibliographic Details
Main Authors:	Huang, Jikun, Rozelle, Scott, Chang, Min
Format:	Journal Article
Language:	English en_US
Published:	Washington, DC: World Bank 2014
Subjects:	ADVERSE IMPACTS AGRICULTURAL COMMODITIES AGRICULTURAL ECONOMICS AGRICULTURAL PRICE AGRICULTURAL PRICES AGRICULTURE ARBITRAGE AUCTION AVERAGE PRICE AVERAGE PRICES BARRIER BORDER PRICE CAPS CHANGES IN PRICES CLIMATE COMMERCE COMMERCIAL MARKETS COMMODITIES COMMODITY COMMODITY MARKETS COMPARATIVE ADVANTAGE CONSUMER PRICE CONSUMER PRICE INDEX CONSUMER PRICE INDICES CONSUMERS COST INCREASES COTTON PRICES CURRENCY DEFLATION DOMESTIC ECONOMY DOMESTIC MARKET DOMESTIC MARKETS DOMESTIC PRICE DOMESTIC PRICES ECONOMIC REFORM EXCHANGE RATE EXPORT MARKETS EXPORTS EXTERNAL SHOCKS FINANCIAL ASSISTANCE FINANCIAL SUPPORT FOOD PRODUCTION FOREIGN TRADE FREE TRADE FREE TRADE AGREEMENT GLOBAL MARKETS GOVERNMENT SUBSIDIES GROSS VALUE IMPORTS INCOME INCOME GROUPS INCOMES INFLATION INPUT PRICES INSURANCE INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL TRADE LABOR MARKET LIBERALIZATION LOW TARIFF LOWER PRICE LOWER PRICES MARKET ACCESS MARKET FORCES MARKET INTEGRATION MARKET PERFORMANCE MARKET PRICES MARKET TOWNS MARKETING OPEN MARKETS OUTPUT POLITICAL ECONOMY PRICE CHANGES PRICE DISTORTIONS PRICE INDEX PRICE LEVEL PRICE LEVELS PRICE MOVEMENTS PRICE PROTECTION PRICE SERIES PRICE TAKERS PRICE TRENDS PRODUCER PRICES QUOTAS REBATE REBATES REGULATORS REMOTE AREAS REMOTE REGIONS RESOURCE ECONOMICS SALE SALES STOCKS SUBSTITUTION SUPPLIERS SUPPLY SHOCK SUPPLY SIDE TAX TAX RATE TAXATION TAXATION POLICY TRADE BARRIERS TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE POLICIES TRADE POLICY TRADE REFORMS TRADING PARTNERS TRADING SYSTEM TRANSACTION COST TRANSACTION COSTS TYING VALUE ADDED WAGES WHOLESALE MARKET WHOLESALE PRICE WHOLESALERS WORLD MARKET WORLD MARKETS WORLD TRADE WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/2004/01/17742428/tracking-distortions-agriculture-china-accession-world-trade-organization http://hdl.handle.net/10986/17154

Description
Summary:	This article examines the impacts of China's accession to the World Trade Organization (WTO) on prices in its agricultural sector. The analysis uses a new methodology to estimate nominal protection rates in China's agricultural sector before its accession to the WTO. These new measures account for differences in commodity quality within China and between China and world markets. The analysis shows that some of China's agricultural commodities are well above world market prices and others are well below. The article also assesses market integration and efficiency in China. It finds high degrees of integration between coastal and inland markets and between regional and village markets. The remarkable improvements in market performance in recent years mean that if increased imports or exports affect China's domestic price near the border, producers throughout most of China will feel the price shifts.