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Making Sense Of Agricultural Trade Policy Reform

Author

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  • Vanzetti, David
  • Peters, Ralf

Abstract

Proposals for agricultural trade reform put forward by the main protagonists remain far apart, with little sign of convergence. In an attempt to progress the negotiations towards a successful outcome, the chairman of the WTO Committee on Agriculture has proposed a compromise. The alternative proposals by the United States, the European Union and the WTO are analysed with the Agricultural Trade Policy Simulation Model, a static, multi-commodity, multi-region, partial equilibrium trade model. The estimated annual global welfare gains are $26 billion, $12 billion and $17 billion respectively. Least developed countries, as a group, gain from the US proposal but are made worse off under the WTO and EU proposals. Furthermore, in the best case many individual countries experience welfare losses. However, all countries enjoy increased export revenues and tariff revenues hold up quite well under the two less stringent proposals.

Suggested Citation

  • Vanzetti, David & Peters, Ralf, 2003. "Making Sense Of Agricultural Trade Policy Reform," 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa 25858, International Association of Agricultural Economists.
  • Handle: RePEc:ags:iaae03:25858
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    File URL: http://purl.umn.edu/25858
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    References listed on IDEAS

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    1. World Bank, 2001. "Global Economic Prospects and the Developing Countries 2001," World Bank Publications, The World Bank, number 14779.
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    Cited by:

    1. Gabriele, Alberto & Vanzetti, David, 2005. "Long Black: Surviving the coffee crisis," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137867, Australian Agricultural and Resource Economics Society.
    2. Qasmi, Bashir & Van der Sluis, Evert, 2008. "Review and Analysis of International and Budgetary Considerations for the 2007 U.S. Farm Bill," Staff Papers 080001, South Dakota State University, Department of Economics.

    More about this item

    Keywords

    agriculture; trade; modelling; negotiations; International Relations/Trade; F13; Q17;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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