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An Empirical Study on the Impact of Tariff Reduction on China’s Textile Industry under the Background of RCEP

Author

Listed:
  • Zhou Jiexuan

    (Business School, Yancheng Normal University, Yancheng, 224000, China)

  • Wang Lijun

    (International College, Krirk University, Bangkok, 10220, Thailand)

  • Huang Qingqing

    (Institute of Food and Strategic Reserves/Collaborative Innovation Center of Modern Grain Circulation and Safety, Nanjing University of Finance and Economics, Nanjing, 210003, China)

  • Cai Hui

    (Finance Department, Yancheng Institute of Technology, Yancheng, 224002, China)

Abstract

This article introduces the basic concept of the Regional Comprehensive Economic Partnership (RCEP) agreement and constructs the GTAP model based on the analysis of the current development status of the textile industry in China, the Chinese textile industry as the research object, and the simulation forecast RCEP agreement tariff reduction. The data come from gtap10 database, respectively setting regional tariff reduction to 60% and regional tariff reduction to 100% realize free trade two situations for empirical research. The reduction of tariffs has reduced the cost of international textiles, leading to an increase in imports from China. At the same time, the reduction of tariffs has reduced the export price of Chinese textiles, thereby increasing China’s exports. However, the reduction of non-tariff barriers may increase the export price of Chinese textile products to a certain extent, thereby limiting the output of China’s textile industry. Finally, RCEP has a positive impact on the development of China’s textile industry, on the basis of the future development countermeasures of the Chinese textile industry.

Suggested Citation

  • Zhou Jiexuan & Wang Lijun & Huang Qingqing & Cai Hui, 2024. "An Empirical Study on the Impact of Tariff Reduction on China’s Textile Industry under the Background of RCEP," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 18(1), pages 1-12.
    • Handle: RePEc:bpj:econoa:v:18:y:2024:i:1:p:12:n:1037
    DOI: 10.1515/econ-2022-0102
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