TRADE LIBERALIZATION IN THE PRESENCE OF DOMESTIC REGULATIONS: IMPACTS OF THE PROPOSED EU-U.S. FREE TRADE AGREEMENT ON WINE MARKETS

Bradley J. Rickard, Olivier Gergaud, Shuay-Tsyr Ho and Wenjing Hu

No 190670, Working Papers from American Association of Wine Economists

Abstract: The United States and the European Union (EU) have embarked on ambitious negotiations to create a comprehensive free trade agreement known as the Transatlantic Trade and Investment Partnership (TTIP). Agricultural markets receive relatively high levels of support and protection in both regions, and therefore are sensitive to the discussions surrounding the TTIP. Wine is the highest valued agricultural product traded between the United States and the EU, and any reduction in trade barriers resulting from the TTIP has the capacity to generate additional trade in this sector. We carefully develop parameters to characterize the effects of tariffs and domestic regulations that affect production and consumption of wine in these two regions. Results show that reductions in tariffs would have relatively small effects in these wine markets, whereas reductions in EU domestic policies that affect wine grape production would have much larger trade and welfare implications.

Keywords: Agribusiness; International Development; International Relations/Trade (search for similar items in EconPapers)
Pages: 29
Date: 2014-11
New Economics Papers: this item is included in nep-agr and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://ageconsearch.umn.edu/record/190670/files/AAWE_WP173.pdf (application/pdf)

Related works:
Working Paper: Trade liberalization in the presence of domestic regulations: Impacts of the proposed EU-U.S. free trade agreement on wine markets (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aawewp:190670

DOI: 10.22004/ag.econ.190670

Access Statistics for this paper

More papers in Working Papers from American Association of Wine Economists Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().