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Trade liberalization in international dairy markets : estimated impacts


Author:
Langley, Suchada Vichitakul., Somwaru, Agapi., Normile, Mary Anne., and United States Department of Agriculture. Economic Research Service.
Source:
Trade liberalization in international dairy markets 2006
Year:
2006
Subject:
Dairy products industry -- Economic aspects, Free trade -- Economic aspects, dairy products, dairy industry, and trade liberalization
Abstract:
This report examines issues related to modeling complex policy regimes that affect international dairy markets using a partial equilibrium, multiple-commodity, multiregion model of agricultural policy and trade. Average bound tariffs for dairy remain among the highest of all agricultural commodities and dairy trade is characterized by a large number of megatariffs and tariff-rate quotas (TRQs). In addition to tariffs and TRQs, countries have used milk production quotas to control milk production. Modeling results indicate that liberalization would reduce world dairy product supplies and increase the value of dairy trade.
Language:
English
Publisher:
U.S. Dept. of Agriculture, Economic Research Service
Collection:
USDA publications