Agriculture Reference
In-Depth Information
food and lve anmals (SITC0). Ths s because the TCI of all agrcultural
commodities adds commodities (for example, rubber and vegetable oils)
n whch ASEAN has comparatve advantage and Chna has comparatve
disadvantage. Therefore, agricultural products as a whole show more
complementarty between ASEAN's exports and Chna's mports.
The TCI value of all agrcultural products n ASEAN's exports and Chna's
imports declined continuously during 1994-2001, but the decline has been
reversed since 2001 (Figure 12.9). The TCI value increased quickly from
1.07 in 2001 to 1.48 in 2005.
The TCI value of Chna's exports and ASEAN's mports for all agrcultural
commodities has, however, been less than 1 since 1995. As Figure 12.9
shows, the TCI value fluctuated within the range 0.85-0.93 between 1995
and 2005. Ths ndcates that Chna's exports and ASEAN's mports have
less complementarity in this area. Moreover, this situation has not been
changed by the mplementaton of the free trade agreement.
Figure 12.8 TCIs for China and ASEAN in food and live animals (SITC0),
1992-2005
1.4
1.2
1
0.8
0.6
0.4
TCI of Chna's exports and ASEAN mports
TCI of ASEAN exports and Chna's mports
0.2
0
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Source:
Authors' calculations from COMTRADE data.
