AGRICULTURAL MARKETS LIBERALIZATION AND THE DOHA ROUND

Using a partial equilibrium model of world agriculture, we investigate the multilateral removal of all border taxes and farm programs and their distortion of world agricultural markets. These distortions have significant terms-of-trade effects. World trade is also significantly impacted by both types of distortions. Trade expansion is substantial for most commodities, especially dairy, meats, and vegetable oils. Net agricultural and food exporters (Brazil, Australia, and Argentina) emerge with expanded exports; whereas net importing countries with limited distortions before liberalization are penalized by higher world markets prices and reduced imports. The US gains significant export shares in livestock products and imports more dairy products. Without protection and domestic subsidies, the EU loses many of its livestock and dairy export markets.


Issue Date:
2003
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/25875
PURL Identifier:
http://purl.umn.edu/25875
Total Pages:
7
Series Statement:
Contributed Paper




 Record created 2017-04-01, last modified 2018-01-22

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