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International Trade, Stability and Agricultural Adjustment

In: World Food Security

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  • D. John Shaw

Abstract

ECOSOC and the Preparatory Committee for the World Food Conference recognized that proposals concerning international trade, stability and agricultural adjustment had a different character to those directly related to increasing agricultural production (UN, 1974b, pp. 199–222). They dealt with a more harmonized approach to integrating national food economies with world markets. Export trade was an important outlet for many foods. About a tenth of the value of the world’s food, feed and beverages was traded internationally. For all cereals taken together, about one-eighth of the world’s consumption came from imports. Trade in food, feed and some fisheries products in 1973, the year before the World Food Conference, amounted to some $70,000 million or about 15 per cent of total merchandise trade. Thus, food issues could not be considered in isolation from trade. The interdependence was too important, directly and indirectly.

Suggested Citation

  • D. John Shaw, 2007. "International Trade, Stability and Agricultural Adjustment," Palgrave Macmillan Books, in: World Food Security, chapter 16, pages 165-166, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-58978-0_16
    DOI: 10.1057/9780230589780_16
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