The book begins with an introduction which analyzes the state of cross-Strait economic and political relations on the eve of dual accession to the WTO and briefly introduces the chapters which follow. The first chapter discusses the concessions made by both sides in their accession agreements and is followed by two chapters which describe the manner in which the Taiwan economy was reformed to achieve compliance as well as the specific, restrictive trade regime that was put into place to manage mainland trade. The next two chapters deal with the implications of that restrictive trade regime for the Taiwan economy in Asia and with the nature of the interactions between the two sides within the WTO. The final four chapters of the volume examine the impact of membership on four sectors of the economy: finance; agriculture; electronics and automobiles. There is a post-script which briefly covers developments since the chapters were completed.

WTO Commitments by Taiwan and China: Domestic Consequences (T-J Chen); The Legal and Political Implications of Taiwan's WTO Accession (C G-H Yang); Economic Prospects of Cross-Strait WTO Membership (C Schive); Taiwan's Role in the Economic Architecture of East Asia and the Pacific (P Drysdale & X Xu); The Political Economy of Cross-Strait Relations: Economic Interdependence, the WTO, and Security (J Fewsmith); The Challenges and Opportunities for Taiwan and China in the Financial Sector (J-C Lee); WTO Accession and Its Implications for Agriculture in Taiwan and China (R Ash); The Impact of the WTO on Taiwan and China's Electronics Industry (C Trappey); The Impact of Accession to the WTO: The Case of the Automobile Industry (C-M J Yu).