Publication Date
1993
Description
The economic outlook for grassland-based products over the next decade will be influenced by a range of factors. Important among these will be the outcome of the agricultural negotiations in the Uruguay Round of the General Agreement on Tariffs and Trade. Failure to achieve satisfactory agricultural reform in the Uruguay Round could result in an acceleration in the trend toward the formation of regional trading arrangements. This could, in turn, lead to increased fragmentation of the international trading system. Such fragmentation reduces the global economic gains available from trade which stem from specialisation and the associated exercise of comparative advantage. Other major issues that will affect trade prospects for grassland-based products are the extent of possible reforms to the Common Agricultural Policy of the European Community, developments in agricultural and trade policies in the Asia Pacific region, the changing political and economic situation in the Commonwealth of Independent States and Eastern Europe, global environmental issues and the impact of changes in income and demand patterns.
Citation
Tie, Graeme H.; Kottege, Jayantha P.; and Fisher, Brian S., "Policy Developments and Trade Prospects for Grassland-Based Products" (2024). IGC Proceedings (1993-2023). 4.
https://uknowledge.uky.edu/igc/1993/session23/4
Included in
Agricultural Science Commons, Agronomy and Crop Sciences Commons, Plant Biology Commons, Plant Pathology Commons, Soil Science Commons, Weed Science Commons
Policy Developments and Trade Prospects for Grassland-Based Products
The economic outlook for grassland-based products over the next decade will be influenced by a range of factors. Important among these will be the outcome of the agricultural negotiations in the Uruguay Round of the General Agreement on Tariffs and Trade. Failure to achieve satisfactory agricultural reform in the Uruguay Round could result in an acceleration in the trend toward the formation of regional trading arrangements. This could, in turn, lead to increased fragmentation of the international trading system. Such fragmentation reduces the global economic gains available from trade which stem from specialisation and the associated exercise of comparative advantage. Other major issues that will affect trade prospects for grassland-based products are the extent of possible reforms to the Common Agricultural Policy of the European Community, developments in agricultural and trade policies in the Asia Pacific region, the changing political and economic situation in the Commonwealth of Independent States and Eastern Europe, global environmental issues and the impact of changes in income and demand patterns.
