A Study on the Establishment of ECFA between Mainland of China and Taiwan

author

  • Junfang Xi Antai College of Economics & Management, Shanghai Jiao Tong University, Shanghai, China
abstract

As the chances of a successful conclusion to the Doha Round of trade liberalization under the WTO become increasingly problematic, so the pace of negotiating local free trade agreements (FTAs) is increasing. According to the WTO report, countries in the Asia-Pacific region are “consolidating their drive towards regionalism at an accelerated pace”. After the trade agreements between China and the Association of South-East Asian Nations-so-called ASEAN+1 took effect at the beginning of 2010, both Mainland of China and Taiwan speeded the negotiation on signing the Economic Cooperation Framework agreement (ECFA). Taiwan's exports to China face tariffs ranging from 5% to 15% and its government fears that, unless they are lowered, the island will be left at a competitive disadvantage in the giant Chinese market. This disadvantage would greatly worsen if a planned ASEAN+3 were one day signed, embracing South Korea and Japan. On June 29 at a ceremony in Chongqing, both sides signed ECFA which went into effect later from September 12, 2010. This agreement will remove trade and investment barriers between two economies. So far ECFA has become a hot topic catching the eyes of researchers and government officials. It has been reported that this agreement may result in a GDP growth of 1.65-1.72% at Taiwan side. Besides GDP growth, which specific sectors will benefit from this ECFA on both sides? How will it affect its neighbor economies? Based on GTAP model (Global Trade Analysis Program) which is derived from the CGE model, this paper will update the data after 2004 which is set in GTAPAgg7 and simulate the economic changes on both sides, such as GDP growth, welfare changes, all the sectors production changes. The economic influences on some East Asian economies will also be discussed. JEL Classification: F13, F15, D58

Upgrade to premium to download articles

Sign up to access the full text

sign up

Already have an account?login

similar resources

a study on the establishment of ecfa between mainland of china and taiwan

â â â  â â â â  abstract â  as the chances of a successful conclusion to the doha round of trade liberalization under the wto become increasingly problematic, so the pace of negotiating local free trade agreements (ftas) is increasing. according to the wto report, countries in the asia-pacific region are “consolidating their drive towards regionalism at an accelerated pace”. after the trade...

full text

a comparative study of the relationship between self-, peer-, and teacher-assessments in productive skills

تمایل به ارزیابی جایگزین و تعویض آن با آزمون سنتی مداد و کاغذ در سالهای اخیر افزایش یافته است. اکثر زبان آموزان در کلاس های زبان از نمره نهایی که استاد تعیین میکند ناراضی اند. این تحقیق جهت بررسی ارزیابی در کلاس های زبان انگلیسی به هدف رضایتمندی زبان آموزان از نمره هایشان انجام گرفته است که در آن نمرات ارائه شده توسط سه گروه ارزیاب (ارزیابی خود دانشجو، همسالان واستاد) در مهارت های تولید (تکل...

15 صفحه اول

on translation of phatic communion and socio-cultural relationships between the characters of the novels

phatic communion is a cultural concept which differs across cultures. according to hofstede (2001), the u.s. tends to have individualistic culture; however, asian countries tend to have collectivistic cultures. these cultures view phatic communion differently. in individualistic cultures like u.s., phatic communion reflects speakers’ socio-cultural relationships in conversations. to see whether...

15 صفحه اول

the effect of consciousness raising (c-r) on the reduction of translational errors: a case study

در دوره های آموزش ترجمه استادان بیشتر سعی دارند دانشجویان را با انواع متون آشنا سازند، درحالی که کمتر به خطاهای مکرر آنان در متن ترجمه شده می پردازند. اهمیت تحقیق حاضر مبنی بر ارتکاب مکرر خطاهای ترجمانی حتی بعد از گذراندن دوره های تخصصی ترجمه از سوی دانشجویان است. هدف از آن تاکید بر خطاهای رایج میان دانشجویان مترجمی و کاهش این خطاها با افزایش آگاهی و هوشیاری دانشجویان از بروز آنها است.از آنجا ک...

15 صفحه اول

Save to my library

Save to my library Already added to my library

{@ msg_add @}

  Save resource for easier access later

Download full text

Sign up to access the full text

Signup

Already have an account?login


Journal title:

volume 36  issue 1

pages  37- 46

publication date 2022-06-22

By following a journal you will be notified via email when a new issue of this journal is published.

Hosted on Doprax cloud platform doprax.com

copyright © 2015-2022