Surveillance of Agricultural Price and Trade Policy in Latin America during Major Policy Reform
Since approximately 1990, most countries in Latin America have embarked on a unilateral process of trade liberalization for agricultural and non-agricultural products, effectively putting an end to four decades of import-substitution policies. Most countries adopted tariffication, with bound tariffs, eliminating quota restrictions and removing export taxes. This study examines how agricultural protection has changed since the reforms, what has happened with real farm prices during trade reform, and the present status regarding tariffs and quantitative restrictions in the various countries.
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