Impact of China's WTO Accession on Russian-Chinese Foreign Trade
Date Issued
2007
Date
2007
Author(s)
Olga, Utasheva
DOI
en-US
Abstract
This paper investigates the implications of China’s accession to the World Trade Organization for Russia. First of all, we analyze the patterns of Russian-Chinese bilateral trade structure before and after China’s WTO entry. Russia and China has intensified their mutual trade in the recent years. Chinese performance after accession in the WTO represents a great opportunity for Russia, because of its potential export markets. China’s growing demand for the raw materials seem to be favorable for Russia, but Russia can gain more through the diversification of export structure.
Secondly, this study analyzes the implications of China’s WTO accession on the Russian trade in the third market. Here we particularly study the markets of the USA and Germany. According to our results of several economic indices (Regional Revealed Comparative Advantage, the Lawrence Index and the Index of Trade Competition), we can conclude that China’s WTO entry has not influenced on Russian trade in the third market. Moreover, due to dissimilarity in the export structures, Russia’s exports in general do not face important competition from China’s in third countries.
In order to maximize these potential gains, Russia must continue to advance in macro stability, supervision and regulation of their financial systems, openness to the world economy and building strong institutions.
Subjects
WTO
俄中貿易關係
市場競爭
產品競爭
Russian-Chinese Trade Relations
Market Competition
Commodity Competition
Type
thesis
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