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来源类型Working Paper
规范类型报告
DOI10.3386/w27383
来源IDWorking Paper 27383
China\u2019s Import Demand for Agricultural Products: The Impact of the Phase One Trade Agreement
Robert C. Feenstra; Chang Hong
发表日期2020-06-22
出版年2020
语种英语
摘要In December 2019, the United States and China reached a Phase One trade agreement, under which China committed to purchase more imports from the United States: $12.5 billion more agricultural imports in 2020 and $19.5 billion more in 2021, as compared to 2017. We show that the most efficient way for China to increase its imports from the United States is to mimic the effect of an import subsidy. If China’s agricultural imports did not otherwise grow from their 2017 values, then the subsidies would need to be 42% and 59% to meet the 2020 and 2021 targets, respectively. These effective subsidies mean that China would divert agricultural imports away from other countries. We find that this trade diversion is especially strong for Australia and Canada, followed by Brazil, Indonesia, Malaysia, Thailand, and Vietnam.
主题International Economics ; Trade ; Globalization and International Relations ; Environmental and Resource Economics ; Agriculture
URLhttps://www.nber.org/papers/w27383
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/585056
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Robert C. Feenstra,Chang Hong. China\u2019s Import Demand for Agricultural Products: The Impact of the Phase One Trade Agreement. 2020.
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