Selected Trade Agreements and Implications for U.S. Agriculture
AbstractSince 2001, the United States has concluded negotiations with 13 countries, resulting in 8 trade agreements (TAs). Three additional agreements have been negotiated but not yet ratified by Congress, as of March 2011. Other countries have become increasingly active in negotiating their own trade pacts. This proliferation of TAs between key U.S. trading partners and competitors may have raised concerns among U.S. exporters, whose share in established markets could be eroded by such deals. In this study, ERS examines how recently concluded TAs between ASEAN (Southeast Asia) countries and China and Australia/New Zealand, as well as pending TAs between the United States and Korea, Colombia, and Panama, will likely affect U.S. agricultural trade. Model results suggest that TAs between ASEAN countries and China and ASEAN countries and Australia/New Zealand would result in moderate losses to U.S. agricultural exports of about $350 million to those countries, but losses would be partially offset by gains in other markets. U.S. agricultural exports to Korea would expand by an estimated $1.9 billion per year if the U.S. TA with Korea were implemented. The U.S.-Colombia TA would result in an estimated $370 million in additional U.S. exports per year. U.S. exports would realize smaller gains of about $50 million per year under the pact with Panama. Empirical results confirm theoretical findings that trade created under TAs exceeds trade diverted, but that results depend on the specific circumstances of each agreement.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by United States Department of Agriculture, Economic Research Service in its series Economic Research Report with number 102754.
Date of creation: Apr 2011
Date of revision:
Contact details of provider:
Postal: 1400 Independence Ave.,SW, Mail Stop 1800, Washington, DC 20250-1800
Web page: http://www.ers.usda.gov/
More information through EDIRC
market access; free trade agreements; tariffs; trade agreements; trade creation; trade diversion; trade promotion agreements; GTAP model.; International Relations/Trade;
This paper has been announced in the following NEP Reports:
- NEP-AGR-2011-05-07 (Agricultural Economics)
- NEP-ALL-2011-05-07 (All new papers)
- NEP-INT-2011-05-07 (International Trade)
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.:
- Joseph Francois & Hanna Norberg & Miriam Manchin & Annette Pelkmans Balaoing, 2009. "Trade Impact Assessment (Trade SIA) of an EU-ASEAN Free Trade Agreement," IIDE Discussion Papers 20090801, Institue for International and Development Economics.
- Freund, Caroline & Ornelas, Emanuel, 2010.
"Regional trade agreements,"
Policy Research Working Paper Series
5314, The World Bank.
- Yinhua Mai & Philip Adams & Mingtai Fan & Ronglin Li & Zhaoyang Zheng, 2005. "Modelling the Potential Benefits of an Australia-China free Trade Agreement," Centre of Policy Studies/IMPACT Centre Working Papers g-153, Monash University, Centre of Policy Studies/IMPACT Centre.
- Francois, Joseph & Bradley McDonald, 1996. "Liberalization and Capital Accumulation in the GTAP Model," GTAP Technical Papers 310, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
- Jacinto F. Fabiosa & Dermot J. Hayes & Fengxia Dong, 2007.
"Impact of the South Korea-U.S. Free Trade Agreement on the U.S. Livestock Sector,"
Food and Agricultural Policy Research Institute (FAPRI) Publications
07-wp455, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
- Jacinto F. Fabiosa & Dermot J. Hayes & Fengxia Dong, 2007. "Impact of the South Korea-U.S. Free Trade Agreement on the U.S. Livestock Sector," Center for Agricultural and Rural Development (CARD) Publications 07-wp455, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Jones, Keithly G. & Blayney, Donald P., 2012. "Implications of the South Korea-U.S. Free Trade Agreement on South Korean Dairy Product Imports," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124823, Agricultural and Applied Economics Association.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.