By Chunlai Chen, Ron Duncan
China's accession to the realm exchange association (WTO) has had profound outcomes for the constitution of its economic system, and there'll many extra earlier than the whole merits of an open buying and selling regime may be realised. Agriculture and nutrition safety in China explains the historical past to China's WTO accession and hyperlinks accession to reforms starting way back to 1979. The publication highlights China's policymakers' selection to maneuver clear of protectionism and grain self-sufficiency and illustrates how China's step clear of direct participation within the agricultural zone to oblique regulatory involvement and liberalisation may possibly inspire extra fiscal development. but now not all financial development is no cost. Agriculture and foodstuff protection in China explores the temporary affects of WTO accession in addition to the mid and long term implications of better marketplace involvement at an economy-wide and local point. becoming divides among coastal and inland regions-and alterations in rural and concrete growth-will require a greater realizing of the results of higher industry dependency. Agriculture and nutrients safety in China provides to the present wisdom of China's agricultural development in addition to the affects and interrelationships among WTO accession and China's participation in different nearby loose alternate agreements.
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Additional info for Agriculture and Food Security in China: What Effect Wto Accession and Regional Trade Agreements?
Agricultural development policies Despite the continuity with the past, few can dispute that the terms of China’s WTO accession agreement pose new challenges to the agricultural sector. In some cases, there could be large impacts on rural households and these will undoubtedly elicit a sharp response. While the nature and severity of the impacts will depend on how households respond, perhaps of even greater importance is how China’s agricultural policymakers manage their sector as the new trade regime takes effect.
China’s agricultural trade after WTO accession Chen (see Chapter 11) examines how the pattern of China’s agricultural trade has changed since the country’s accession to the WTO. In that time, the economy has grown very rapidly. 8 per cent during 2002–05. 4 per cent during the 1990s. Undoubtedly, China’s economy has benefited from its more open international trade regime. In real terms, China’s agricultural exports and imports hardly changed in the period 1992–2001; but since then both have increased rapidly, although imports have grown much more rapidly than exports—so much so that in 2004 and 2005 China experienced its first agricultural trade deficits since at least the early 1990s.
This is partly the result of the slow-down in the growth of the TVE sector and the lessened opportunities for rural households to earn off-farm incomes. Incomes in the agricultural sector have not grown as rapidly as they could because of poor agricultural policies, such as ineffective and costly price support policies, regional self-sufficiency policies and monopolistic marketing and distribution of bulk commodities, fertilisers and seeds. China’s accession to the WTO should help to maintain pressure to bring about reforms in these areas.
Agriculture and Food Security in China: What Effect Wto Accession and Regional Trade Agreements? by Chunlai Chen, Ron Duncan