Identifies the strengths and weaknesses of liberalized world trade, in particular in the agricultural sector, and investigates to which extent the current WTO agreements provide the devices to react to trade-related negative impacts on sustainability, environmental protection and food security

Since their implementation at the Uruguay Round, tariff rate quotas (TRQs) have become a widely used instrument of trade policy in agricultural trade. With almost 1300 TRQs scheduled at the WTO, it seems worthwhile to examine their economic effects more closely. This is what this paper does....