Determining Winners and Losers from a GATT Agreement: The Importance of Base Periods and Rules
AbstractTo identify the winners and the losers from the General Agreement on Tariffs and Trade (GATT) in agriculture, it is necessary to know which countries will be required to reduce which subsidies by what amounts. Rules that seem fair may actually impose very different future obligations on the parties to the negotiations. The base period from which reductions must be made, the manner in which export subsidies are measured, and the exchange rate used to determine tariff-reduction requirements are examples of technical issues that determine the policy implications of a GATT agreement. The paper estimates credits that countries have earned for policy changes already enacted and for changes in the world market conditions under various sets of rules. These credits vary greatly across countries and commodities and are extremely dependant on the specific rules assumed. Thus, an agreement requiring a 30 percent subsidy reduction from a particular base period may result in no required policy changes for some commodities in some countries and very large subsidy reductions for other commodities in other countries.
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 Center for Agricultural and Rural Development (CARD) at Iowa State University in its series Center for Agricultural and Rural Development (CARD) Publications with number 91-gatt2.
Date of creation: Mar 1991
Date of revision:
Other versions of this item:
- Brian L. Buhr & James Hansen & Zuhair A. Hassan & Dermot J. Hayes & Michael D. Helmar & David A. Hennessy & Stanley R. Johnson & Deborah L. Stephens & Kyle J. Stephens & Patrick C. Westhoff, 1991. "Determining Winners and Losers from a GATT Agreement: The Importance of Base Periods and Rules," Food and Agricultural Policy Research Institute (FAPRI) Publications, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University 91-gatt2, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
- Buhr, Brian L. & Hansen, James & Hassan, Zuhair A. & Hayes, Dermot J. & Helmar, Michael D. & Hennessy, David A. & Johnson, Stanley R. & Meyers, William H. & Stephens, Deborah L. & Stephens, Kyle J. & , 1991. "Determining Winners and Losers from a Gatt Agreement: The Importance of Base Periods and Rules," Staff General Research Papers, Iowa State University, Department of Economics 440, Iowa State University, Department of Economics.
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.