THE IMPACTS OF CHINA'S ACCESSION INTO THE WTO ON THE U.S. WHEAT INDUSTRY

The purpose of this study is to evaluate the impacts of China's entry into the World Trade Organization on the world wheat industry. Special attention is given to the impact on the U.S. wheat industry. The Global Wheat Policy Simulation Model was used for this analysis. This study indicates that the total value of China's imports from the United States in 2005 are predicted to increase by $221 million in the normal import scenario and $842 million in the maximum import scenario. However, net increases in U.S. export value would range from $127 million to $577 million in 2005 because increased world price of wheat in the scenarios lowers wheat imports from other countries.