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A TRADE LIBERALIZATION IN INTERNATIONAL DAIRY MARKETS

Suchada Langley (), Don Blayney, James Stout, Agapi Somwaru (), Mary Anne Normile, James J. Miller and Richard Stillman

No 21997, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: International dairy industries remain among the most distorted agricultural sectors. Dairy average bound tariffs remain among the highest of all agricultural commodities, and dairy trade is characterized by a large number of megatariffs and tariff-rate quotas (TRQs). The objective of our study is to examine how the international dairy markets might respond to policy changes under various assumptions, using a partial equilibrium, multiple-commodity, multiple-region model of agricultural policy and trade. Our results indicate that liberalization will reduce supplies, increase dairy trade, and raise world prices.

Keywords: Dairy Markets; Trade Liberalization; Model; Policy; International Relations/Trade (search for similar items in EconPapers)
Date: 2003
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