Agricultural Policy Reform in the WTO : The Road Ahead

Agricultural (ag) trade barriers & producer subsidies inflict real costs, both on the countries that use these policies & 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 & the potential benefits of their full elimination. It also analyzes the effects on U.S. & world ag. if only partial reform is achieved in liberalizing tariffs, quotas, domestic support, & export subsidies.Burfisher, Mary E. is the author of 'Agricultural Policy Reform in the WTO : The Road Ahead', published 2002 under ISBN 9780756723521 and ISBN 0756723523.