PREFERENTIAL TRADE ARRANGEMENTS: IMPACTS ON AGRICULTURAL TRADE AND INCOME

In this article we focus on the effects of preferential trade arrangements on agricultural trade and agricultural income. Given the large number of preferential trade arrangements and complex interactions among them, we attempt to find out whether preferential trade arrangements are beneficial to agricultural trade and income, and are an effective tool to liberalize agricultural trade. The findings suggest that preferential trade arrangements with some exceptions tend to expand agricultural trade and improve agricultural income.