Regional Trade Agreement, Global Trade Implications: EU-Mercosur Agricultural Trade Liberalization

Kari E.R. Heerman and Stephanie M. Riche

No 205058, 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California from Agricultural and Applied Economics Association

Abstract: We examine the impact of EU-Mercosur trade liberalization on bilateral trade patterns, both among exporting countries within these trade blocs and with their competitors. We focus in particular on the sensitivity of U.S. agricultural exports to expanded access for Mercosur in the European Union and for the European Union in Mercosur. We find that the U.S. market share is particularly sensitive to such an agreement to the extent that it lowers the trade costs faced by Brazilian and Argentine exporters in E.U. markets. U.S. market share is also vulnerable to increased access for Spain and Italy, but to a much lesser degree.

Keywords: Agricultural and Food Policy; International Relations/Trade (search for similar items in EconPapers)
Pages: 36
Date: 2015
New Economics Papers: this item is included in nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea15:205058

DOI: 10.22004/ag.econ.205058

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