The Road Ahead: Agricultural Policy Reform in the WTO--Summary Report
by Mary E. Burfisher, Xishen Diao, Aziz Elbehri , Mark Gehlhar, Paul Gibson, Susan Leetmaa, Lorraine Mitchell
, Frederick J. Nelson, R. Wesley Nimon, Mary Anne Normile, Terry Roe, Shahla Shapouri
, David W. Skully, Mark Smith, and Agapi Somwaru
Agricultural Economic Report No. (AER-797) 32 pp, January 2001
Agricultural trade barriers and producer subsidies inflict real costs, both on the countries that use these policies and on their trade partners. Trade barriers lower demand for trade partners’ products, domestic subsidies can induce an oversupply of agricultural products which depresses world prices, and export subsidies create increased competition for producers in other countries. Eliminating global agricultural policy distortions would result in an annual world welfare gain of $56 billion. High protection for agricultural commodities in the form of tariffs continues to be the major factor restricting world trade. In 2000, World Trade Organization (WTO) members continued global negotiations on agricultural policy reform. To help policymakers and others realize what is at stake in the global agricultural negotiations, this report quantifies the costs of global agricultural distortions and the potential benefits of their full elimination. It also analyzes the effects on U.S. and world agriculture if only partial reform is achieved in liberalizing tariffs, tariff-rate quotas (limits on imported goods), domestic support, and export subsidies.
Keywords: World Trade Organization, trade barriers, tariffs, export subsidies, tariff-rate quotas
In this publication...
Frontmatter (Title page, Contents, Summary, Glossary), Pdf file 33 kb
Introduction, Pdf file 29 kb
The Costs of Agricultural Policy Distortions, Pdf file 31 kb
Options for Market Access Reforms, Pdf file 42 kb
Options for Reforming Domestic Support, Pdf file 157 kb
Options for Reducing Export Subsidies, Pdf file 25 kb
The Impacts of Reform on Developing Countries, Pdf file 27 kb
Conclusions, Pdf file 18 kb
- Recommended Readings, Pdf file NaN kb
Full Report, Pdf file 132 kb
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