Agricultural Markets Liberalization And The Doha Round
AbstractUsing a partial equilibrium model of world agriculture, we investigate the multilateral removal of all border taxes and farm programs and their distortion of world agricultural markets. These distortions have significant terms-of-trade effects. World trade is also significantly impacted by both types of distortions. Trade expansion is substantial for most commodities, especially dairy, meats, and vegetable oils. Net agricultural and food exporters (Brazil, Australia, and Argentina) emerge with expanded exports; whereas net importing countries with limited distortions before liberalization are penalized by higher world markets prices and reduced imports. The US gains significant export shares in livestock products and imports more dairy products. Without protection and domestic subsidies, the EU loses many of its livestock and dairy export markets.
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Bibliographic InfoPaper provided by International Association of Agricultural Economists in its series 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa with number 25875.
Date of creation: 2003
Date of revision:
Doha; Agriculture; trade liberalization; domestic policy; International Relations/Trade;
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Food and Agricultural Policy Research Institute (FAPRI) Publications
02-wp317, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
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