REGIONALISM AND TRADE IN AGRIFOOD PRODUCTS
Rakhal Sarker and
No 14591, Working Papers from International Agricultural Trade Research Consortium
The objective of this paper is to provide quantitative information on the degree of regionalism in raw and processed agrifood trade and the trends in regional trading patterns between 1965 and 1994. The analysis shows that world agrifood trade is currently more regionalized than it was in the second half of the 1960's and is moving towards even more regional concentration. However, for processed agrifood products, increasing regionalism is a dimension of growing openness and multilateral interdependence. Conversely, for raw products the pattern of regionalism has been significantly affected by domestic and trade policies, with welfare losses borne mainly by the European Union and other exporting regions.
Keywords: International; Relations/Trade (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iatrwp:14591
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