AGRICULTURAL MARKETS LIBERALIZATION AND THE DOHA ROUND

Jacinto F. Fabiosa, John Beghin (), Stéphane De Cara, Cheng Fang, Murat Isik and Holger Matthey

No 25875, 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa from International Association of Agricultural Economists

Abstract: 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.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 7
Date: 2003
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaae03:25875

DOI: 10.22004/ag.econ.25875

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