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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), March.
  • Handle: RePEc:ags:jloagb:14709
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    File URL: http://purl.umn.edu/14709
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    References listed on IDEAS

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    1. Ackerman, Karen Z. & Dixit, Praveen M., 1999. "An Introduction To State Trading In Agriculture," Agricultural Economics Reports 33909, United States Department of Agriculture, Economic Research Service.
    2. Sumner, Daniel A. & Hallstrom, Daniel G., 1997. "Commodity Policy Compatibility With Free Trade Agreements," Harmonization\Convergence\Compatibility in Agriculture and Agri-Food Policy: Canada, United States and Mexico; Proceedings of the 3rd Ag... 1997 16914, Farm Foundation, Agricultural and Food Policy Systems Information Workshops.
    3. Josling, Timothy E. & Honma, Masayoshi & Lee, Jaeok & MacLaren, Donald & Miner, William M. & Sumner, Daniel A. & Tangermann, Stefan & Valdes, Alberto, 1994. "The Uruguay Round Agreement On Agriculture: An Evaluation," Commissioned Papers 14621, International Agricultural Trade Research Consortium.
    4. Tangermann, Stefan & Honma, Masayoshi & Josling, Timothy E. & Lee, Jaeok & MacLaren, Donald & McClatchy, Don & Miner, William M. & Pursell, Garry & Sumner, Daniel A. & Valdes, Alberto, 1997. "Implementation Of The Uruguay Round Agreement On Agriculture And Issues For The Next Round Of Agricultural Negotiations," Commissioned Papers 14618, International Agricultural Trade Research Consortium.
    5. Daniel A. Sumner & Frank H. Buck & Hyunok Lee, 2000. "Assessing the Effects of the WTO Agreement on Rice Markets: What can We Learn from the First Five Years?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(3), pages 709-717.
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