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Agricultural (ag) trade barriers and producer subsidies inflict real costs, both on the countries that use these policies and on their trading partners. Eliminating global ag. policy distortions would result in an annual world welfare gain of $56 bill. High protection for ag. commodities in the form of tariffs continues to be the major factor restricting world trade. World Trade Organization (WTO) members continue global negotiations on ag. policy reform. This report quantifies the costs of global ag. distortions and the potential benefits of their full elimination. It also analyzes the effects on U.S. and world ag. if only partial reform is achieved in liberalizing tariffs, quotas, domestic support, and export subsidies.
Contiene: Preface Agricultural Policy Reform: Past Present and Future. - Part I: Agriculture and Agricultural Policy Changes Ten Years After the Uruguay Round. - Part II: The Three Pillars of the WTO Negotiations on Agriculture. - Part III: Agricultural Trade Relations, WTO Negotiations on Agriculture and the Developing World. - Part IV: The WTO and the Future of International Trade Relations.
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 Organisation (WTO) members continued global negotiations on agricultural policy reform. To help policymakers and others realise what is at stake in the global agricultural negotiations, this book quantifies the costs of global agricultural distortions and the potential benefits of their full elimination. It also analyses the effects on US and world agriculture if only partial reform is achieved in liberalising tariffs, tariff-rate quotas (limits on imported goods), domestic support, and export subsidies.
A radical shift is underway in global value chains as they increasingly move beyond traditional manufacturing processes to services and other intangible assets. Digitization is a leading factor in this transformation, which is being accelerated by the coronavirus disease (COVID-19) pandemic. The Global Value Chain Development Report, the third of a biennial series, explores this shift beyond production. The report shows how the rise of services value chains offers a new path to development and how protectionism and geopolitical tensions, environmental risks, and pandemics are undermining the stability of global value chains and forcing their reorganization geographically. It is co-published by the WTO, the Asian Development Bank, the Research Institute for Global Value Chains at the University of International Business and Economics, the Institute of Developing Economies, and the China Development Research Foundation.
Providing critical insights into the two vital sectors of the Indian economy--agriculture and industry--this unique reference features contributions from noted economists and economic researchers. This guide to India's growing economy since independence features topics ranging from agricultural performance and crop insurance to industrial policy and trade liberalization. A comprehensive coverage of the issues, this remarkable study will interest students and economists alike.