Impact of WTO membership on China’s Agriculture Sector Essay

Although fruitful for orbits like finance and banking, chinas WTO constituent has not proved to be that much lucrative for the agriculture sector of mainland mainland mainland mainland chinaware since it provides some(prenominal) opportunities and threats for the countrys economy. At superstar hand, chinas decreasing responsibilitys of farming(a) exports attracted global grocery thereby make a considerable crush in the year 2004 in which mainland mainland Chinas agricultural exports raised to $17. 3 billion.At the other(a) hand, as a result of free trade China faces a study threat in terms of the competition for domestic grains like gamboge and soybeans with the imported grains of better quality thereby snatching the livelihood of many farmers and commonwealth related to the agriculture sector. For the very intellectual, China has not undefendable its market of agricultural products as much as it has for the manufactured goods. Another reason behind a non restricted import of agricultural goods is that such a step on Chinas behalf would have led to a trade deficit.Keeping in mind Chinas developing population, Chinas import would have superseded its export in baptismal font of non-protectionism. Also, China faces a risk of suffering losses because such products ar easily infected and such a scenario can not further leave a scar for Chinas growing military man-wide repute but can alike cause a major(ip) set back to the Chinese exporters. collision of Chinas rank and file of WTO on Chinas Manufacturing Industry The manufacturing pains of China represents one of the major successes pertaining to the social rank of WTO.Because of the cheaper prices of China made goods in the world-wide market, the pray of these products is ever increasing. In case of manufacturing of automobiles, China has been ex cubicleing since 1975 but the major boom after its rank of WTO indicating a production percentage increase of 41. 3 percent in a single year when its production heel raised to 3. 25 million in the year 2002. Today, the Chinas automobile industry stands among the worlds top automobile giants.In the case of Chinas Telecommunication Industry with China having entered second generation of mobile communications equipment, china has launched its replica mobile phone. unmistakably similar in appearance to the high quality branded cell phones, china made replica mobile phones are cheaper enough to live up to a number of customers across the globe. touch on of WTO membership on Chinas International repute Having discussed the squeeze of WTO membership on Chinas economy, what remains worth mentioning is a series of changes for the other sectors of the country.The impact of globalization is not just confined to the financial gains but has also left a strong image of China thereby hushing outdoor(a) the chances of any other world war in prox. For the pro-globalists, globalization has opened new horizons for China to reach ou t to the world. This has resulted in an say-so of Chinas products across the world. The proliferation of China made good across the world are so wide that it has left U. S. with a China avenue in the New York City and Pakistan with a China Market in the countrys capital.Both these markets are peculiarly meant for the selling of China made goods that are much cheaper as compared to those made by other countries. It is the result of internationalization that China has permeated into every corner of the global society by attracting the customers with its cheaper prices. But the other side of the coin suggest remote to the positive side WTO membership on Chinas international repute. The exemption of trade barriers encourages the flow of infections and diseases through products from one place to another.severe acute respiratory syndrome stands as one such example that had left many masses at the verge of death. It was in first few months of the year 2003 that marked the outbreak of SARS. Originating in southern China in late 2002 (or preferably by some accounts), the epidemic quickly infected more than 8,000 quite a little in 30-plus countries, causing nearly 800 deaths within six months. By the term the disease was finally brought under control, Beijings initial mishandling of the crisis, as well as the SARS scourge itself, had taken a grave toll on Chinas economy and its international reputation. Impact of WTO membership on Chinas Legal System Gregory C. chuck in his article The impact of joining WTO on Chinas economic, heavy and political institutions suggests that the WTO membership of China has not totally resulted in economic boom but has also brought an amelioration in the legal system of the country. He lays his assumption on the fact that by WTO membership China is dealing with a number of international firms. The exposure of outside laws would positively affect China to pave its way to legal modernization.Also, it is in the aggrandizing phas e of globalization that China has enacted many commercial laws that involve the laws pertaining to bankruptcy and corporate behaviour. It is a direct result of this fact that the number of Chinese legal personnel continue to increase. With WTO membership, this move towards globalization is further facilitated thereby suggesting a further amelioration of Chinas legal system. Impact of Chinas membership of WTO on other nationsOf all the corollaries of Chinas entree into the World Trade Organization, the global competition supersedes providing both the optimistic and pessimistic implications for the world. At one hand the increasing free-enterprise(a) has triggered a wave of fear for many smaller economies by draw them at the verge of economic fiasco. At the other hand, the same battle has fostered the production of high quality products and innovative technologies employed by the competitors. Chinas accession to WTO demanded a decline in Chinas tariffs on goods.These tariff barrie rs were employed by China as a technique of economic protectionism in order to flourish the domestic industry that might have faced overwhelming competition by the entrance of immaterial goods with low tariffs. Making it crystal clear, the WTO membership not only opened new opportunities for China to globalize its export but with the ascendance of export the integration also caused the increase of import by China being forced to lower the tariffs on imported goods.According to the findings of Dorothy Guerrero in China, the WTO and Globalization looking beyond growth figures China had to lower overmatch its overall tariffs on agricultural goods from 54 percent in 2001 to 15. 3 percent in 2005. However the net results favoured China in a sense that even in the absence of high tariffs, some invisible barriers for the products of foreign countries were still implemented by China. These non tariff barriers indirectly deter the participants of international trade market from progressive ly entering Chinas domestic market.These non tariff barriers involve issues pertaining to stringent security check, product certification, labelling standards, check off in customs clearance and import approval. The stringency of these national non tariff barriers significantly differ from the international standards and often keep varying from conviction to time. As a result of rejection based on these national standards, foreign manufacturers suffered a great loss especially in terms of agricultural products.This rejection has lessened their share of goods exported to China. Apparently being insulated from the economic progress and WTO membership of China, Chinese Politics also experiences changes in terms of the preference of communists or democrats. Just like WTO demands free trade and rights of all the nations, the Chinese citizens of future can be predicted to unanimously demand democracy for the rights of every citizen.