The Impact of Regional Trade Agreements on Trade in Agricultural Products


Book Description

Trade flows are significantly affected by the trade agreements both with respect to impacts on pre-existing trade flows, (intensive margin) and on new, previously non-existent trade flows (extensive margin). The effect of the Regional Trade Agreements on pre-existing trade flows are found to be significant with a mean elasticity of substitution at the product level of about 2 so that a 1% preferential margin increases trade by only 2% on average. Total bilateral exports are found to be increased by 18% on average for products benefiting from a preferential margin between 5 and 10%, and by 48% for products where the margin exceeds 10%. The effect of an RTA agreement on extensive margin is to increase the probability to export a given a product to a partner country by one percentage point on average. Furthermore preferential margins, as measured through their impact on tax-inclusive consumer prices, nearly double within eight years of entry into force rising from 4.7% to 8.9% on average.







Agricultural Trade Policies in the New Millennium


Book Description

Face the challenge of change in the global agricultural trade market! This insightful book presents a comprehensive overview of the trade situation facing agriculture in the 21st century. This esteemed collection of the field?s foremost researchers evaluates anticipated changes to the agricultural trade market and the competitiveness of commodities and products resulting from existing and potential international policies. Agricultural Trade Policies in the New Millennium provides an in-depth understanding of multilateral trade negotiations (past, present, and future) and the impact of regionalism on agricultural trade. It also analyzes trade issues specific to individual commodities, such as rice, wheat, and cotton. Agricultural Trade Policies in the New Millennium consolidates essential trade research into a one-of-a-kind reference source for economists, academics, and agriculture professionals. The book provides a detailed overview of current and potential trade situations, divided into three concise sections: key issues influencing trade negotiations from the perspective of developed and developing countries and the environment; commodity trade and trade policy issues concerning competitiveness and the international policy environment for coarse grains, cotton, rice, sugar, and wheat; and general issues related to multilateral and regional trade agreements, including policy tools within the World Trade Organization, anti-dumping actions, regionalism, price volatility, and the macroeconomic effects of trade liberalization. Agricultural Trade Policies in the New Millennium examines: key issues influencing trade negotiations commodity trade and trade policy issues issues and concerns related to multilateral and regional trade negotiations challenges facing trade policy prospects for the agricultural sector in the new millennium With international policy issues like the WTO’s Millennium Round and the Free Trade Area of the Americas (FTAA) in negotiation and a new United States farm bill pending, Agricultural Trade Policies in the New Millennium provides much-needed textbook analysis by expert researchers. This vital book will keep you in touch with current trade negotiations and policy decisions that are certain to hold major implications for the agricultural sector.




Influence of Trade Agreements in Global Agricultural Markets


Book Description

Regional and bilateral free trade agreements (FTAs) have taken on greater significance amidst an evolving international trading environment. Member countries in FTAs agree to eliminate trade barriers on all or most goods and services traded among them. Uncertainties associated with global negotiations under the World Trade Organization (WTO) Doha Development Agenda, along with other factors, have contributed to an upsurge in bilateral and regional trade agreements. This book examines the possible impacts on U.S. agricultural trade of two recently implemented FTAs in which the United States is not a partner; the FTAs between the ASEAN countries and China and between the ASEAN countries and Australia/New Zealand. Also discussed is the potential effects on U.S. agricultural exporters of pending bilateral TAs between the United States and Korea, Colombia, and Panama.




Agricultural Trade Policy


Book Description

From the U.S.-Canada Free Trade Agreement through the North American Free Trade Agreement and the Uruguay Round of negotiations for the General Agreement on Tariffs and Trade, the United States has been involved in major trade policy discussions. This study reviews the contents and implications of the trade agreements, as well as the consequences of failing to secure agricultural trade policy reform.