Business Intelligence

Quantitative Analysis On The Impact Of China-New Zealand FTA On Both Sides? Economies

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Executive Summary

Applying GTAP model, this paper makes a computable general equilibrium analysis on the impact of China-New Zealand FTA on both sides' economies from aspects of social welfare and sectoral trade balance. The result indicates that the implement of FTA will make national welfare of both countries to increase, while with the comprehensive effects of FTA and multilateral trade policy reforms of WTO Doha Round, both countries will experience a loss of economic welfare and the impacts on various sectors in China are different.

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