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Impact of APEC trade liberalisation on Sino-Australian Bilateral Trade

CollectionsANU Australia–Japan Research Centre (AJRC)
Title: Impact of APEC trade liberalisation on Sino-Australian Bilateral Trade
Author(s): Sheng, Yu
Keywords: APEC
global trade analysis project
trade liberalisation
China Australia bilateral trade
tariff cuts
Date published: 2002
Publisher: Canberra, ACT: Australia–Japan Research Centre, Asia Pacific School of Economics and Management, The Australian National University
Series/Report no.: Pacific Economic Papers: No. 330
This paper uses the global trade analysis project (GTAP) model to simulate the effect of APEC trade liberalisation on Sino-Australian bilateral trade. By comparing the development of Sino-Australian bilateral trade in the short run and the long run, the analysis depicts a whole set of bilateral trade determination mechanisms. The results indicate that, as economic cooperation within APEC increases, trade between Australia and China will increase, especially in agriculture and textiles. The bilateral trade pattern may follow the principle of comparative advantage and the terms of trade may improve for both countries. The results for the short term are very different from those for the long term, indicating that bilateral trade in open economies is more than just an ‘external sector’ affair.


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