TRADE IN LIVESTOCK PRODUCTS and THE WTO MILLENIUM ROUND: PROJECTIONS TO 2005 and PROBLEMS WITH TRQs
نویسنده
چکیده
While the Uruguay Round resulted in greater transparency of agricultural trade barriers and limited liberalization, substantial barriers to trade in livestock products remain. This paper makes a projection of the global economy to 2005, and then seeks to determine the impacts of alternative outcomes of the next WTO Millenium Round. Three options for reform are explored – one is restricted to freeing up grains trade, while the others evaluate across-the-board reductions in tariffs and export subsidies in agriculture. The outcomes differ substantially across these scenarios. The paper is completed with a discussion on tariff-rate-quotas (TRQs) in livestock products trade. Aspects of the projections are likely to be biased since they did not specifically consider TRQ constraints, especially where the projections are suggestive of regime switches. Attention is then drawn to issues that require urgent attention to enable TRQs to be adequately incorporated into future trade reform projections.
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