@article{Wainio:102754,
      recid = {102754},
      author = {Wainio, John and Gehlhar, Mark J. and Dyck, John H.},
      title = {Selected Trade Agreements and Implications for U.S.  Agriculture},
      address = {2011-04},
      number = {1477-2016-121195},
      series = {Economic Research Report},
      pages = {52},
      year = {2011},
      abstract = {Since 2001, the United States has concluded negotiations  with 13 countries, resulting
in 8 trade agreements (TAs).  Three additional agreements have been negotiated but not  yet ratified by Congress, as of March 2011. Other countries  have become increasingly active in negotiating their own  trade pacts. This proliferation of TAs between key U.S.  trading partners and competitors may have raised concerns  among U.S. exporters, whose share in established markets  could be eroded by such deals. In this study, ERS examines  how recently concluded TAs between ASEAN (Southeast Asia)  countries and China and Australia/New Zealand, as well as  pending TAs between the United States and Korea, Colombia,  and Panama, will likely affect U.S. agricultural trade.  Model results suggest that TAs between ASEAN countries and  China and ASEAN countries and Australia/New Zealand would  result in moderate losses to U.S. agricultural exports of  about $350
million to those countries, but losses would be  partially offset by gains in other markets. U.S.  agricultural exports to Korea would expand by an estimated  $1.9 billion per year if the U.S. TA with Korea were  implemented. The U.S.-Colombia TA would result in an  estimated $370 million in additional U.S. exports per year.  U.S. exports would realize smaller gains of about $50  million per year under the pact with Panama. Empirical  results confirm theoretical findings that trade created  under TAs exceeds trade diverted, but that
results depend  on the specific circumstances of each agreement.},
      url = {http://ageconsearch.umn.edu/record/102754},
      doi = {https://doi.org/10.22004/ag.econ.102754},
}