Face the challenge of change in the global agricultural trade market! This insightful book presents a comprehensive overview of the trade situation facing agriculture in the 21st century. This esteemed collection of the field?s foremost researchers evaluates anticipated changes to the agricultural trade market and the competitiveness of commodities and products resulting from existing and potential international policies. Agricultural Trade Policies in the New Millennium provides an in-depth understanding of multilateral trade negotiations (past, present, and future) and the impact of regionalism on agricultural trade. It also analyzes trade issues specific to individual commodities, such as rice, wheat, and cotton. Agricultural Trade Policies in the New Millennium consolidates essential trade research into a one-of-a-kind reference source for economists, academics, and agriculture professionals.
The book provides a detailed overview of current and potential trade situations, divided into three concise sections: key issues influencing trade negotiations from the perspective of developed and developing countries and the environment; commodity trade and trade policy issues concerning competitiveness and the international policy environment for coarse grains, cotton, rice, sugar, and wheat; and general issues related to multilateral and regional trade agreements, including policy tools within the World Trade Organization, anti-dumping actions, regionalism, price volatility, and the macroeconomic effects of trade liberalization.
Agricultural Trade Policies in the New Millennium examines: * key issues influencing trade negotiations * commodity trade and trade policy issues * issues and concerns related to multilateral and regional trade negotiations * challenges facing trade policy * prospects for the agricultural sector in the new millenniumWith international policy issues like the WTO's Millennium Round and the Free Trade Area of the Americas (FTAA) in negotiation and a new United States farm bill pending, Agricultural Trade Policies in the New Millennium provides much-needed textbook analysis by expert researchers. This vital book will keep you in touch with current trade negotiations and policy decisions that are certain to hold major implications for the agricultural sector.
* About the Editors * Contributors * Preface * Chapter 1. Issues and Obstacles for Agricultural Trade Policy in the New Millennium * Issues and Perspectives for Future Trade Agreements * Scope of This Volume * Part I: Key Issues Influencing Agricultural Trade Negotiations * Chapter 2. Progress in Agricultural Trade Negotiations * Introduction * Policy Harmonization and Side Agreements * State Trading Enterprises (STEs) and the WTO * Keeping the Borders Open * The Green Box * R&D and Trade * Multinationals and Vertical Market Structures * Gainers and Losers * Future Directions * Conclusion * Chapter 3. Issues in the WTO Agricultural Negotiations: An Overview * Introduction * Building on the Uruguay Round * The Agenda for the Agricultural Negotiations * Market Access * TRQ Expansion * Curbing Export Subsidies * Domestic Support * Health, Safety, and Environmental Issues * The Timing of the Negotiations * Chapter 4. Obstacles to Progress in Multilateral Agricultural Trade Negotiations: The European Viewpoint * EU Agricultural Policy Prior to the Uruguay Round Negotiations * EU Policy and the Uruguay Round Agreement * EU Perspectives on Future Agricultural Policy * Implications for the Trade Negotiations * Conclusion * Chapter 5. One Perspective on U.S. Policy and Agricultural Progress in World Trade Organization Negotiations * General Obstacles to Progress in Current WTO Negotiations in Agriculture * The Negotiating Position of the United States and Progress in the Current WTO Round * Trade and Agricultural Policies of the United States As Obstacles to Progress in the Current WTO Round * Concluding Remarks * Chapter 6. Agricultural Negotiations in the Context of a Broader Round: A Developing Country Perspective * Agricultural Liberalization * Industrial Tariffs * Services * Industrial, Investment, and Export Development Policies * Achieving Balance: Rule Making and Implementation * Labor, Environmental, and Related Standards Issues * Developing Country Participation * Concluding Remarks * Chapter 7. Agricultural Trade Liberalization and the Environment: Issues and Policies * Introduction * The Impact of Trade Liberalization on the Environment * The Positions of Fourteen Major Environmental NGOs * Countries? Agricultural Negotiating Positions with Environmental Implications * Relationship Between Fourteen Environmental NGOs and Countries? WTO Proposals * The Multifunctionality of Agriculture and Production-Linked Supports * Conclusion * Part II: Commodity Trade Issues * Chapter 8. Trade Liberalization in Rice * Progress in Rice Trade Liberalization * Issues for Rice in the Current WTO Round * Chapter 9. Major Issues in the U.S. Sugar Industry Under 2000 WTO Negotiations and NAFTA * Introduction * Overview of the World Sugar Industry * The U.S. Sugar Program and Policies * Sugar and Sweetener Trade under NAFTA * Foreign Sugar Policies and Practices * Major Issues in the U.S. Sugar Industry * Concluding Remarks * Chapter 10. Major Issues for the U.S. Wheat Industry: Implications of China?s Entry in to the WTO * Introduction * World Wheat Industry * Trade Agreements and Policies * Major Issues in the 2000 Round of WTO Negotiations * The Impacts of China?s WTO Entry on the World and U.S. Wheat Industries * Results * Conclusion * Chapter 11. New WTO Agricultural Trade Negotiations: Issues for the U.S. Coarse Grain Market * Introduction * Global Coarse Grain Trade * Accomplishments of the Uruguay Round and Issues for New Agricultural Negotiations * Continuing Issues * Other Issues * Conclusion * Chapter 12. The World Trade Organization and Southern Agriculture: The Cotton Perspective * The Current Cotton Situation * The WTO and Cotton * Conclusion * Part III: Multilateral Trade Negotiations: Issues and Concerns * Chapter 13. The Impacts of Export Subsidy Reduction Commitments in the Agreement on Agriculture and International Trade: A General Assessment * Introduction * The Economics of Volume versus Value Commitments on Export Subsidies * Final Considerations and Conclusion * Chapter 14. Agricultural Trade Liberalization Beyond Uruguay: U.S. Options and Interests * Introduction * Methodology * Unfinished Business * China and the WTO * Regional Alternatives * Concluding Comments * Chapter 15. Regional versus Multilateral Trade Arrangements: Which Way Should the Western Hemisphere Go on Trade? * Introduction * The Free Trade Area of the Americas * The Prospects for a New Multilateral Trade Agreement * The Modeling Framework * Results * Conclusion and Policy Recommendations * Chapter 16. Regionalism and Trade Creation: The Case of NAFTA * Introduction * Determination of the Break Period: Method * What Happened to Trade Creation? * Regionalism, Regionalization, and NAFTA: Concluding Remarks * Chapter 17. Increased Use of Antidumping Weakens Global Trade Liberalization * Introduction * What Is Dumping? * Use of Antidumping by Countries * Examination of the Current AD Law * Agriculture and Antidumping * Potential Impacts on Future Agricultural Trade * Chapter 18. Implementation of the SPS Agreement * Institutional Changes * Standard-Setting Procedures * Issues for the Next Round * Conclusion * Chapter 19. Modeling Impacts of the Macroeconomic and Political Environment on Long-Term Prospects for Agricultural World Markets * Introduction * Brief Overview of Other Agricultural Market Models * Outline of the WATSIM Modeling System * Model Results: Prospects and Sensitivity of Agricultural World Markets * Further Developments * Summary and Conclusion * Chapter 20. Price Volatility: A Bitter Pill of Trade Liberalization in Agriculture? * Introduction * Approach * Empirical Results: The History of Price Volatility and Evidence of Change * Conclusion * Chapter 21. Challenges and Prospects for Agricultural Trade Policy in the New Millennium * Challenges for Agricultural Trade Policy * Prospects for Agricultural Trade Policy * Index * Reference Notes Included
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