Sino-Mexican Trade Relations: Challenges and Opportunities

ISBN-13: 9789811046599 / Angielski / Miękka / 2017 / 80 str.

Yi Liu; Laixun Zhao

Opis

This book undertakes two main tasks. First, it provides an overview of Sino-Mexican trade and economic relations since the normalization of diplomatic relations in the 1980s. Second, it presents a re-evaluation of Mexico's trade policies with China, from the import substitution industrialization (ISI) period in the early 1990s to the strengthening of economic and trade relations in recent years. Both aspects are addressed within a unified framework by documenting historical events and conducting empirical analyses throughout Mexico's economic development, which has been characterized by both growth and stagnation. The book analyzes the Sino-Mexican trade conflicts and cooperation by examining cases of antidumping (AD) and flows of international trade, and by addressing the current obstacles.

Spis treści

1.1 Introduction: Aim and scope of this book…………………………1

1.2 Contributions and Objectives…………………………3

1.3 Overview …………………………4

1.4 References …………………………6

2.1 Four Stages of Development……………………………7

2.2 Transitional Agreement on Trade Regimes…………………………8

2.3 Role of U.S. in Sino-Mexican Trade Relations………………………………9

2.4 References…………………………………12

3.1 Mexico’s Economic Policies and Development………………………………13

3.1.1 ISI Policy: Development with Constraints………………………...........…14

3.1.2 Agriculture Inequality, Petroleum, and Debt Crisis…………………………15

3.1.3 Washington Consensus……………………………………………….....…16

3.1.4 Currency Crisis and “Lost Decade” ………………………………...………18

3.2 China’s Economic Policy and Development……………………………………19

3.2.1 China’s Reform and Opening Up…………………………………….…19

3.2.2 Reforms in the Agricultural Sector………………………………………19

3.2.3 Socialist Market Economy with Chinese Characteristics………………20

3.2.4 Trade Liberalization and Gradualism…………………………………..21

3.3 References…………………………………………………………………24

4.1  Introduction of AD…………………………………………………25

4.1.1 Brief review of AD research…………………………………... 25

4.1.2 AD Research Methods………………………………………………26

4.1.3 Discriminatory Antidumping………………………………………27

4.2  Institutional and Legislative System of AD in Mexico28

4.3  Mexico’s AD Statistics…………………………………………30

4.3.1 Mexico’s AD by Year…………………………………………………30

4.3.2 Mexico’s AD by Country………………………………………31

4.3.3 Mexico’s AD by Sector……………………………………………32

4.3.4 Mexico’s AD by Type of Product………………………………………34

4.4 Procedure of AD Investigation in Mexico…………………………………35

4.5 Latent Rules of Mexico’s AD Filings……………………………………39

4.5.1 Discretion in AD Authorities…………………………………………39

4.5.2 Discretion Rules in Developed Countries………………………………39

4.5.3 Discretion in Developing Countries……………………………40

4.5.4 Against Non-WTO members………………………………………40

4.5.5 Against Non-market Economies………………………………………40

4.6  References……………………………………………………43

5.1 Data………………………………………………………………45

5.1.1 Dependent Variables…………………………………………………45

5.1.2 Independent Variables…………………………………………48

5.2 Econometric Model ……………………………………………………52

5.2.1 Model Selection ………………………………………………………54

5.3 AD Impacts on Overall Industries………………………………………57

5.3.1 AD Impacts on Intermediates and Capital Goods…………………………59

5.3.2 AD Impacts on Consumer Goods Sectors  …….............…61

5.4 References………………………………………………………………65

6.1 Conditions for Cooperation…………………………………………67

6.1.1 Strengthen of Mutual Understanding………………………………………67

6.1.2 Different rules in Global Value Chain……………………………… 69 

6.1.3 China’s Economic Reform: Potential Opportunity for Mexico………………………………........................................................ 70

6.2 Opportunities of Cooperation in Different Sectors………………………71

6.2.1 Trade in Intermediates …………………………………………71

6.2.2 Sectoral Cooperation …………………………………………72

6.3 References………………………………………………………………75

7.1 Summary of the Book ……………………………………………………76

7.2 Challenges on the Mexican Side………………………………………78

7.3 Challenges on the Chinese Side ………………………………………79

7.3.1 Economic “Cooling Down”………………………………………………79

7.3.2 Product Quality………………………………………….......…79

7.3.3 Investment Trust ………………………………………………80

7.4 Looking Ahead ………………………………………………………80

7.5 References…………………………………………………82