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Trade reform and the corn market: prospects for the world trade organization negotiations on agriculture

机译:贸易改革与玉米市场:世界贸易组织农业谈判的前景

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摘要

Government support and trade restrictions on agricultural commodities are among the most globally distorting protectionist policies. This is especially true with regards to corn. Vast production subsidies and import barriers, primarily within the European Union and China, have artificially inflated the global supply of this commodity, while restricting the available consumer markets. This impact is augmented by the preferential treatment granted in these countries to the production and importation of the best available substitute to corn, soybeans. Using an econometric model with commodity data over the past 20 years, this article predicts the likely impact of potential World Trade Organization (WTO) trade pacts on these corn trade distortions. Despite the WTO setback in Seattle, the vast global benefits resulting from agricultural trade liberalization in corn alone validate a continued push towards freer trade.
机译:政府对农产品的支持和贸易限制是全球最扭曲的贸易保护主义政策之一。对于玉米尤其如此。大量的生产补贴和进口壁垒,主要是在欧盟和中国内部,人为地夸大了该商品的全球供应,同时限制了可用的消费市场。这些国家给予生产和进口可替代玉米,大豆的最佳替代品的优惠待遇,加剧了这种影响。本文使用过去20年的带有商品数据的计量经济学模型,预测了潜在的世界贸易组织(WTO)贸易协定可能对这些玉米贸易扭曲产生的影响。尽管世贸组织在西雅图遭受了挫折,但仅玉米的农业贸易自由化所带来的巨大全球利益就证明了其向自由贸易的持续推动。

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