IDEAS home Printed from https://ideas.repec.org/p/ags/nbaesp/314115.html
   My bibliography  Save this paper

Trade Agreements in the Last 20 Years: Retrospect and Prospect

Author

Listed:
  • Beghin, John C
  • O'Donnell, Jill

Abstract

We provide an overview of major developments in multi- and plurilateral trade agreements over the last 20 years with a focus on the implications for agricultural and food markets. We take stock of what has been accomplished in market integration, remaining obstacles to trade, events that have changed the trade landscape, and emerging issues. Agricultural tariffs have fallen through commitments made in the Uruguay Round Agreement on Agriculture and through the proliferation of regional trade agreements. Nevertheless agricultural trade remains distorted with some prohibitive tariffs. RTAs have achieved progress on nontariff measures and other beyond-the-border frictions. The WTO’s negotiations on agricultural distortions have stalled because of their complexity and divergent interests among WTO members. In addition, the dispute settlement mechanism of the WTO has been seriously impaired as its Appellate Body can no longer function. The WTO will have to adjust to a world of RTAs and use its tools and procedures to support the multilateral trading system through increasing transparency of RTAs and reporting on conformity with existing WTO agreements. The WTO can also use substitute tools to head off disputes using specific trade concern mechanisms, like those of the SPS and TBT committees.

Suggested Citation

  • Beghin, John C & O'Donnell, Jill, 2021. "Trade Agreements in the Last 20 Years: Retrospect and Prospect," Staff Papers 314115, University of Nebraska-Lincoln, Department of Agricultural Economics.
  • Handle: RePEc:ags:nbaesp:314115
    DOI: 10.22004/ag.econ.314115
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/314115/files/Binder1%20wp%202021%207%20beghin%20odonnell%20october%202021.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.22004/ag.econ.314115?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    International Relations/Trade;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:nbaesp:314115. See general 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: . General contact details of provider: https://edirc.repec.org/data/daunlus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/daunlus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.