The Effects of BioFuels Policies on Global Commodity Trade Flows
AbstractIn terms of the global situation, trade is biofuels is small relative to world-wide production; however, given ambitious consumption mandates in many developed countries as well as increasing energy consumption, this will not likely remain the case in the long-run. Although biodiesel has been classified as an industrial good, ethanol is currently marketed as an agricultural product, though not specifically for fuel use. The removal of trade barriers, particularly in the developed countries, would not only ease pressure on the traditional feedstocks and lower world ethanol prices, but allow countries with a comparative advantage to capitalize on the opportunity to produce low-cost biofuel. Whether the removal of these trade barriers on biofuels would affect their efficacy as a political tool remains to be seen.
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Bibliographic InfoPaper provided by Canadian Agricultural Trade Policy Research Network in its series Working Papers with number 48119.
Date of creation: Feb 2009
Date of revision:
biofuel; commodity; trade; Agricultural and Food Policy; Demand and Price Analysis; International Relations/Trade;
This paper has been announced in the following NEP Reports:
- NEP-AGR-2009-03-28 (Agricultural Economics)
- NEP-ALL-2009-03-28 (All new papers)
- NEP-ENE-2009-03-28 (Energy Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Amani Elobeid & Simla Tokgoz, 2006.
"Removal of U.S. Ethanol Domestic and Trade Distortions: Impact on U.S. and Brazilian Ethanol Markets,"
Food and Agricultural Policy Research Institute (FAPRI) Publications
06-wp427, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
- Amani Elobeid & Simla Tokgoz, 2006. "Removal of U.S. Ethanol Domestic and Trade Distortions: Impact on U.S. and Brazilian Ethanol Markets," Center for Agricultural and Rural Development (CARD) Publications 06-wp427, Center for Agricultural and Rural Development (CARD) at Iowa State University.
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