TY - JOUR
T1 - AGRICULTURE IN THE URUGUAY ROUND
T2 - AMBITIONS AND REALITIES
AU - Guyomard, H.
AU - Mahé, L. P.
AU - Munk, K. J.
AU - Roe, T. L.
PY - 1993/5
Y1 - 1993/5
N2 - Agricultural trade policies are basically a function of domestic policy considerations which have produced high levels of support in many countries. New policy instruments such as direct payments, which are more demanding in terms of information costs but which distort resource allocation less, are becoming more attractive. Unilateral liberalisation is, however, unlikely. Freer trade is a public good which requires international collective action to be provided. Countries which have a clear‐cut trade interest in liberalising markets for commodities they export can play the role of catalyst in international co‐ordination. The existence of big players is a favourable factor. Hence, the drift of the Round towards a co‐ordination of US‐EC interests. Both political economy and trade interest considerations suggest that an agreement reached will have its main impact on crops which are widely traded. The main constraining factor of an agreement on EC and US agriculture will be the discipline it will impose on the use of export subsidies. Agriculture will still not come fully under GATT rules which apply to other sectors, but in the future the CAP will be more constrained by international commitments than in the past.
AB - Agricultural trade policies are basically a function of domestic policy considerations which have produced high levels of support in many countries. New policy instruments such as direct payments, which are more demanding in terms of information costs but which distort resource allocation less, are becoming more attractive. Unilateral liberalisation is, however, unlikely. Freer trade is a public good which requires international collective action to be provided. Countries which have a clear‐cut trade interest in liberalising markets for commodities they export can play the role of catalyst in international co‐ordination. The existence of big players is a favourable factor. Hence, the drift of the Round towards a co‐ordination of US‐EC interests. Both political economy and trade interest considerations suggest that an agreement reached will have its main impact on crops which are widely traded. The main constraining factor of an agreement on EC and US agriculture will be the discipline it will impose on the use of export subsidies. Agriculture will still not come fully under GATT rules which apply to other sectors, but in the future the CAP will be more constrained by international commitments than in the past.
UR - http://www.scopus.com/inward/record.url?scp=0027750670&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=0027750670&partnerID=8YFLogxK
U2 - 10.1111/j.1477-9552.1993.tb00269.x
DO - 10.1111/j.1477-9552.1993.tb00269.x
M3 - Article
AN - SCOPUS:0027750670
SN - 0021-857X
VL - 44
SP - 245
EP - 263
JO - Journal of Agricultural Economics
JF - Journal of Agricultural Economics
IS - 2
ER -