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U.S.-China Agricultural Trade: Constraints and Potential

Published online by Cambridge University Press:  28 April 2015

Eric J. Wailes ,
Cheng Fang  and
Francis C. Tuan
Eric J. Wailes
Affiliation:
University of Arkansas, Fayetteville
Cheng Fang
Affiliation:
University of Arkansas, Fayetteville
Francis C. Tuan
Affiliation:
Economic Research Service, USDA
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Abstract

China's agricultural trade expanded rapidly following economic reforms and the open-door policy adopted in the late 1970s. The composition of agricultural trade with China follows its labor-abundant and land-scarce resource endowment with imports of bulk and processed intermediates and exports of consumer-ready and processed goods. Constraints on U.S.China agricultural trade include tariffs, state trading, food security policies, and other nontariff barriers. Growth potential is based on China's fundamental demand forces including the world's largest population, a high real-income growth rate, an emerging urban middle class, and further trade reforms to be implemented through accession to the World Trade Organization.

Keywords

agricultural tradeChinareformtrade barriersUnited StatesWorld Trade Organization
Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 30 , Issue 1 , July 1998 , pp. 113 - 126
Copyright
Copyright © Southern Agricultural Economics Association 1998

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