GATT & Agriculture: The Concept of PSE's (Producer Subsidy Equivalents) and CSE's (Consumer Subsidy Equivalents)

William J. Hudson and Economic Research Service

No 330591, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Excerpt from the booklet: Governments use a variety of policies to achieve their agricultural goals. Many policies are, in effect, subsidies or taxes on producers or consumers. Regardless of the form of these policy interventions, they nearly always have some distorting effect on trade among nations. Aggregate measures of support, such as the producer subsidy equivalent and the consumer subsidy equivalent, may help negotiators of a new GATT attain common ground for reducing barriers to international trade.

Keywords: Agricultural and Food Policy; Crop Production/Industries; International Relations/Trade; Livestock Production/Industries; Public Economics (search for similar items in EconPapers)
Pages: 30
Date: 1989-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:330591

DOI: 10.22004/ag.econ.330591

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