Author: Bernard M. Hoekman Publisher: World Bank Publications ISBN: Category : Agricultural subsidies Languages : en Pages : 48
Book Description
High levels of protection and domestic support for farmers in industrial countries significantly affect many developing countries, both directly and through the price-depressing effect of agricultural support policies. High tariffs--in both rich and poor countries--and domestic support may also lower the world price of agricultural products, benefiting net importers. Hoekman, Ng, and Olarreaga assess the impact of reducing tariffs and domestic support in a sample of 119 countries. Least developed countries (LDCs) are disproportionately affected by agricultural support policies. More than 18 percent of LDC exports are subject to domestic support in at least one World Trade Organization (WTO) member, as compared to only 9 percent of their imports. For other developing countries the figures are around 4 percent for both their exports and imports. So, the prevailing pattern of trade suggests the world price-reducing effect of agricultural domestic support policies may induce a welfare loss in LDCs. The authors develop a simple partial equilibrium model of global trade in commodities that benefit from domestic support in at least one WTO member. The simulation results suggest there will be large differences between LDCs and other developing economies in terms of the impact of a 50 percent cut in tariffs as compared to a 50 percent cut in domestic support. Developing countries as a group would suffer a welfare loss from a cut in support, while LDCs would experience a small gain. For both groups of countries, tariff reductions by WTO members--including own liberalization--will have a positive effect on welfare. The results show both the importance of focusing on tariffs as well as subsities, and the need for complementary actions to allow a domestic supply response to occur in developing countries if world prices rise. This paper--a product of Trade, Development Research Group--is part of a larger effort in the group to analyze the effects of trade-related policies on developing countries.
Author: Bernard Hoekman Publisher: ISBN: Category : Languages : en Pages : 40
Book Description
High levels of protection and domestic support for farmers in industrial countries significantly affect many developing countries, both directly and through the price-depressing effect of agricultural support policies. High tariffs - in both rich and poor countries - and domestic support may also lower the world price of agricultural products, benefiting net importers.Hoekman, Ng, and Olarreaga assess the impact of reducing tariffs and domestic support in a sample of 119 countries. Least developed countries (LDCs) are disproportionately affected by agricultural support policies. More than 18 percent of LDC exports are subject to domestic support in at least one World Trade Organization (WTO) member, as compared to only 9 percent of their imports. For other developing countries the figures are around 4 percent for both their exports and imports. So, the prevailing pattern of trade suggests the world price-reducing effect of agricultural domestic support policies may induce a welfare loss in LDCs.The authors develop a simple partial equilibrium model of global trade in commodities that benefit from domestic support in at least one WTO member. The simulation results suggest there will be large differences between LDCs and other developing economies in terms of the impact of a 50 percent cut in tariffs as compared to a 50 percent cut in domestic support. Developing countries as a group would suffer a welfare loss from a cut in support, while LDCs would experience a small gain. For both groups of countries, tariff reductions by WTO members - including own liberalization - will have a positive effect on welfare. The results show both the importance of focusing on tariffs as well as subsities, and the need for complementary actions to allow a domestic supply response to occur in developing countries if world prices rise.This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to analyze the effects of trade-related policies on developing countries.
Author: Ralf Peters Publisher: United Nations Publications ISBN: 9789211126785 Category : Business & Economics Languages : en Pages : 41
Book Description
This publication examines a range of issues relating to agricultural export subsidies, under the following headings: regulations and use of export subsidies; economic effects of export subsidies; agricultural trade policy proposals and the Agricultural Trade Policy Simulation Model; simulating export subsidy reductions; and a discussion of implications and limitations including in relation to world prices, consumers and producers in different country groups, welfare changes and a sectoral analysis.
Author: Bernard Hoekman Publisher: ISBN: Category : Languages : en Pages :
Book Description
This article assesses the impact of the world price-depressing effect of agricultural subsidies and border protection in OECD countries on developing economies' exports, imports, and welfare. Developing economy exporters are likely to benefit from reductions in such subsidies and trade barriers, whereas net importers may lose as world prices rise. A simple partial equilibrium model of global trade in commodities that benefit from domestic support or export subsidies is developed to estimate the relevant elasticities. Simulation results suggest that a 50 percent reduction in border protection will have a much larger positive impact on developing economies' exports and welfare than a 50 percent reduction in agricultural subsidies. Although there is significant heterogeneity across developing economies, the results suggest that efforts in the Doha Round of WTO negotiations should be directed at substantially reducing border protection.
Author: T. Josling Publisher: Springer ISBN: 0230378900 Category : Business & Economics Languages : en Pages : 309
Book Description
Trade in temperate zone farm products between the developed countries has been beset with problems since the GATT's inception in 1947. The basic problem was always that the conditions in world agricultural markets were distorted by the national agricultural policies followed by all developed countries - policies which national authorities were reluctant to adapt to conform with the requirements of a liberal international trading system for agricultural products. This book describes and analyses the attempts that were made to make trade in agriculture less distorted, more stable and predictable, and less of a dangerous source of political friction between nations, in successive rounds of negotiations under the General Agreement on Tariffs and Trade in the 45-year period from GATT's inception in 1947 to the end of the Uruguay Round in 1993. While the book analyses the development of international trade policy throughout the post-war period, particular attention is given to the Kennedy, Tokyo and Uruguay Rounds of GATT negotiations in which the problems of trade in agricultural products were confronted.
Author: G. S. Bhalla, Jean-Luc Racine, Frédéric Landy Publisher: Les Editions de la MSH ISBN: 2735113787 Category : Languages : en Pages : 318
Book Description
The volume offers to the reader a multi-faceted dialogue between noted experts from two major agricultural countries, both founding members of the Word Trade Organisation, each one with different stakes in the great globalisation game. After providing the recent historical background of agricultural policies in India and France, the contributors address burning issues related to market and regulation, food security and food safety, the expected benefits from the WTO and the genuine problems raised by the new forms of international trade in agriculture, including the sensitive question of intellectual property rights in bio-technologies. This informed volume underlines the necessity of moving beyond the North-South divide, in order to address the real challenges of the future.
Author: Fred Gale Publisher: Createspace Independent Publishing Platform ISBN: 9781497528734 Category : Agricultural industries Languages : en Pages : 54
Book Description
China is perhaps the most prominent example of a developing country that has transitioned from taxing to supporting agriculture. In recent years, Chinese price supports and subsidies have risen at an accelerating pace after they were linked to rising production costs. Per-acre subsidy payments to grain producers now equal 7 to 15 percent of those producers' gross income, but grain payments appear to have little influence on production decisions. Chinese authorities began raising price supports annually to bolster incentives, and Chinese prices for major farm commodities are rising above world prices, helping to attract a surge of agricultural imports. U.S. agricultural exports to China tripled in value during the period when China's agricultural support was accelerating. Overall, China's expansion of support is loosely constrained by World Trade Organization (WTO) commitments, but the country's price-support programs could exceed WTO limits in coming years. Chinese officials promise to continue increasing domestic policy support for agriculture, but the mix of policies may evolve as the Chinese agricultural sector becomes more commercialized and faces competitive pressures.
Author: Rhonda Ferguson Publisher: BRILL ISBN: 9004345302 Category : Law Languages : en Pages : 305
Book Description
In The Right to Food and the World Trade Organization’s Rules on Agriculture, Rhonda Ferguson explores the relationship between the right to food and agricultural trade. The analysis is situated within the context of debates surrounding the fragmentation of international law.
Author: Bernard M. Hoekman
Author: Bernard Hoekman
Author: Bernard M. Hoekman
Author: Bernard Hoekman
Author: Ralf Peters
Author: Bernard Hoekman
Author: T. Josling
Author: G. S. Bhalla, Jean-Luc Racine, Frédéric Landy
Author: Fred Gale
Author: Rhonda Ferguson