High-Value Products: Growing U.S. and EC Competition in World Markets

Ruth Elleson

No 278285, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: This study examines competition between the U.S. and the European Community (EC) in world markets for high-value agricultural products (HVPs). The EC and the United States are the world's largest exporters of HVPs. A comparison of U.S. and EC •export shares during 1970-87 shows that the EC; the world's leading exporter of high-value products, has successfully competed against the United States for a number of leading processed products including dairy products, meat, and flourd EC agricultural exports have benefited for many years from subsidies which make their HVP exports competitive in world markets. The United States, with its plentiful supply of high-quality, low-priced inputs and efficient processing capacity has the potential for increasing its share of the HVP market. While U.S. policy changes authorized under the 1985 Farm Bill and the lower dollar have bOosted U.S. HVP exports; future expansion will depend upon U.S. competitiveness and changes in foreign demand.

Keywords: Agricultural and Food Policy; International Relations/Trade (search for similar items in EconPapers)
Pages: 40
Date: 1990-04
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:278285

DOI: 10.22004/ag.econ.278285

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