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Small Fish - Big Issues The Effect of Trade Policy on the Global Shrimp Market


  • Debaere, Peter


It is a well-established theoretical result that the trade policy of a large country can directly affect its own and other countries' welfare by affecting international goods prices. However, there exist very few empirical studies that analyze the effect of trade policy on international prices. With detailed data on unit values and tariffs, I show how policy actions in Europe disrupted the global shrimp market in a non-negligible way and set the stage for the current anti-dumping case in the US. The loss of Thailand's preferential trade status in Europe and the international differences in food safety standards during the antibiotics crisis, have shifted esp. Thai, Vietnamese and Chinese shrimp exports away from Europe towards the US in the late 1990s and early 2000s. I document how these shifting markets have decreased US prices for shrimp significantly compared to those in Europe.

Suggested Citation

  • Debaere, Peter, 2005. "Small Fish - Big Issues The Effect of Trade Policy on the Global Shrimp Market," CEPR Discussion Papers 5254, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:5254

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    References listed on IDEAS

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    Cited by:

    1. Chad P. Bown & Meredith A. Crowley, 2004. "China's export growth and U.S. trade policy," Working Paper Series WP-04-28, Federal Reserve Bank of Chicago.
    2. Brambilla, Irene & Porto, Guido & Tarozzi, Alessandro, 2009. "Adjusting to trade-policy changes in export markets : evidence from U.S. antidumping duties on Vietnamese catfish," Policy Research Working Paper Series 4990, The World Bank.
    3. Anders, Sven M. & Caswell, Julie A., 2006. "Assessing the Impact of Stricter Food Safety Standards on Trade: HACCP in U.S. Seafood Trade with the Developing World," 2006 Annual meeting, July 23-26, Long Beach, CA 21338, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Sven M. Anders & Julie A. Caswell, 2007. "Standards as Barriers Versus Standards as Catalysts: Assessing the Impact of HACCP Implementation on U.S. Seafood Imports," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(2), pages 310-321.

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    international trade;

    JEL classification:

    • F1 - International Economics - - Trade

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