Impacts of the FTAA and China’s WTO Accession on the International Trade of Soybeans and Soybean Products
نویسندگان
چکیده
The objective of this paper is to investigate the impacts of implementation of the FTAA and China’s lower import tariffs on international trade of soybean oil, soybean meal, and soybeans. A two-commodity spatial model was formulated. The base model was calibrated to simulate the average level data of 1996, 1997, and 1998. Two alternative trade scenarios were simulated. The results indicated that the implementation of FTAA and China’s WTO accession would generally result in higher soybean oil, soybean meal, and soybean trade. Additionally, output expansion by Brazil would harm the overall U.S. soybean and soybean product export sectors.
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