Contents
1. INTRODUCTION 1
2. BACKGROUND 1
2.1 ECONOMIC GLOBALISATION IS UNAVOIDABLE. 1
2.2 GLOBALISATION AND CHINA 1
2.3 THE SITUATION OF CHINA AGRICULTURE PRODUCTS EXPORTS AND IMPORTS 2
3. BRIEF INTRODUCTION OF COFCO 2
4. MARKET OPPORTUNITY OF COFCO 2
4.1 TARIFF REDUCTIONS AND INCREASING QUOTA 2
4.2 LIBERALISING TRADE OF AGRICULTURE PRODUCTS. 3
4.3 PUSHING FORWARD THE AGRICULTURE FURTHER REFORM 3
4.3.1 The agriculture sector is further opening outward. 3
4.3.2 The agriculture structure adjustment is speeding up. 3
4.4 MAKING PROGRESS OF AGRICULTURE TECHNOLOGY 4
5. MARKET CHALLENGE OF COFCO 4
5.1 LOSING THE COMPARATIVE ADVANTAGE IN STAPLE AGRICULTURAL PRODUCTS 4
5.2 THE SURPLUS OF AGRICULTURAL PRODUCTS 5
5.3 THE INTENSIVE COMPETITION 5
5.3.1 International competition 5
5.3.2 Domestic competition 6
6. CONCLUSIONS 6
7. RECOMMENDATIONS 6
8. REFERENCES 7
The Impact of Economic Globalisation on COFCO
1. Introduction
In November 2001, China became a formal member of the World Trade Organization (WTO), which symbolised China¡¯s involvement in economic globalisation. Great opportunities and challenges would bring a big change in China. As a state agriculture enterprise, Chinese Oils and Foodstuffs Corporation (COFCO) is undoubtedly confronted with the impact of economic globalisation. The purpose of the report ...