Welfare Analysis in International Sugar Trade: The Case of the EU-ACP Sugar Protocol
AbstractSince its formation the European Union (EU) has employed a rather complicated policy to ensure high prices to domestic sugar growers and trade preferences to certain sugar exporting countries. One result of this policy is that the EU has been both the second largest importer and second largest exporter in the world market. Under pressure from the World Trade Organization (WTO), the EU agreed to reform its policies toward sugar in 2001, with the full effect of the reforms being fully implemented in 2006. In this paper, the impact of the EU sugar reform on global production, consumption, imports, and exports is examined. With a particular emphasis on the African Caribbean and Pacific (ACP) nations.
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Bibliographic InfoPaper provided by Agricultural and Applied Economics Association in its series 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington with number 124573.
Date of creation: 01 Jun 2012
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