The Impact of RCEP Tariff Reductions on the Trade Structure of China's High-Tech Man-ufacturing Industry: —A GTAP Simulation Analysis

Liping Yu; Lifang Bai

doi:10.63313/Economics.8003

Authors

Liping Yu Foshan University, Foshan, Guangdong 528000, China Author
Lifang Bai Foshan University, Foshan, Guangdong 528000, China Author

DOI:

https://doi.org/10.63313/Economics.8003

Keywords:

RCEP agreement, GTAP model, high-tech manufacturing, trade structure

Abstract

This paper employs a dynamic recursive approach to update the GTAP macroeconomic database and analyzes the impact of the full implementation of tariff commitment schedules in RCEP countries on the trade structure of China's high-tech manufacturing industry, using a weighted average of the tariff schedules across RCEP member states. The study finds that RCEP tariff concessions significantly promote trade growth in China's high-tech manufacturing sector, but with industry heterogeneity: imports and exports of electronic and communication equipment, as well as computers and office equipment, show notable increases, while trade in pharmaceutical manufacturing and aerospace equipment contracts. China's trade volume with RCEP member states grows significantly, whereas trade with non-member states declines. Accordingly, China should fully leverage the tariff reduction opportunities under RCEP to enhance the international competitiveness of its high-tech manufacturing sector, deepen cooperation among member states, strengthen talent cultivation, and thereby foster high-quality development in China's high-tech manufacturing industry.

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