Agriculture Reference
In-Depth Information
changes n sectoral output could be dfferent to the results of ths study.
Second, because of the lack of information about the barriers to trade in
services, this study does not capture the impact of liberalisation in the
services sectors. Finally, no allowance has been made for possible increases
in capital formation and improvements in productivity that the ACFTA could
engender. It s possble that the dynamc growth and productvty gans of
the ACFTA could turn out to be very significant.
Notes
1 The ACFTA will be established in 2010 for ASEAN+6 and China; it will include the newer
ASEAN member states of Cambodia, Laos, Myanmar and Vietnam after 2015.
2 This schedule holds for China, Brunei, Singapore, Thailand, Malaysia and Indonesia.
Cambodia, Vietnam, Myanmar and Laos will complete their EHP in 2010. The Philippines
has not concluded ts negotatons.
3 A more complete description of the terms of China's WTO accession is available from
http://www.wto.org/english/news_e/pres01_e/pr243_e.htm
4 In this study, all import tariffs—by commodity and country—are calculated by this
method.
5 Despite its status as a developing country, China's de minimis exemption for product-specific
support is only 8.5 per cent of the value of production of each agricultural product. In
comparison, a 10 per cent rate has been agreed with other developing countries.
6 These products include rice, wheat, maize, edible oils, sugar, cotton and wool.
7 The full name for the amendng protocol s the Protocol to Amend the Agreement on
the Common Effective Preferential Tariff (CEPT) Scheme for the ASEAN Free Trade Area
(AFTA) for the Elimination of Import Duties. The agreement can be downloaded from
http://www.aseansec.org/14183.htm
8 Member states—except Cambodia, Laos, Myanmar and Vietnam—will eliminate all other
non-tariff barriers on sensitive and highly sensitive products by 1 January 2010. Vietnam
will eliminate all other non-tariff barriers on sensitive products by 1 January 2013, Laos
and Myanmar by 1 January 2015 and Cambodia by 1 January 2017.
9 The deadlines for eliminating tariffs on commodities listed in the EHP vary among the
newer ASEAN members: Vietnam before 1 January 2008; Laos and Myanmar before 1
January 2009; and Camboda before 1 January 2010.
10 We focus mainly on the effects of the ACFTA on China and ASEAN countries. For other
countries, we present only the total effects on the rest of the world (other regions).
11 As the GTAP model adopts the Leontief technology, an output increase in a sector
promotes ts demand for ntermedate nputs by the same proporton.
12 As the GTAP Version 6 database has no detailed information on Brunei, only the other
five members are included as representative of the original ASEAN members.
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