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Opening Global Markets For Agriculture: The Next Wto Round

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  • Sumner, Daniel A.

Abstract

More open international markets benefit the economy as a whole, as well as most U.S. agricultural producers. The Uruguay Round Agreement laid out a useful framework. Specifically addressed here is why the key to further liberalizing agricultural trade is reduction of tariffs as comprehensively and rapidly as politics will allow. Other issues such as export subsidies, tariff-rate quota quantities, and developing-country relationships are also important, especially while tariffs are coming down. Internal support rules have much less potential to liberalize trade. Finally, as the December 1999 World Trade Organization ministerial meeting in Seattle demonstrated, delay in the negotiation process threatens liberalization.

Suggested Citation

  • Sumner, Daniel A., 2000. "Opening Global Markets For Agriculture: The Next Wto Round," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 18(1), pages 1-12, March.
    • Handle: RePEc:ags:jloagb:14709
    DOI: 10.22004/ag.econ.14709
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    References listed on IDEAS

    as
    1. Sharma, Ramesh & Konandreas, Panos & Greenfield, Jim, 1996. "An overview of assessments of the impact of the Uruguay Round on agricultural prices and incomes," Food Policy, Elsevier, vol. 21(4-5), pages 351-363.
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    7. Sumner, Daniel A. & Hallstrom, Daniel G., 1997. "Commodity Policy Compatibility With Free Trade Agreements," Proceedings of the 3rd Agricultural and Food Policy Systems Information Workshop, 1997: Harmonization\Convergence\Compatibility in Agriculture and Agri-Food Policy: Canada, United States and Mexico 16914, Farm Foundation, Agricultural and Food Policy Systems Information Workshops.
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