The objective of this paper is to explore the implications of domestic policy reforms and trade liberalisation on EU and global agricultural markets by utilising the GTAP model. The results suggest that CAP reforms in conjunction with the removal of export subsidies and tariff reductions...

The EU dairy sector is facing a period of significant changes that are due to three major decisions: the EU enlargement, the Luxemburg reform and on-going WTO negotiations. In this paper, we focus on the analysis of changes in both domestic and trade dairy policies using a spatial model of the...

The World Trade Organization (WTO) Agreement on Agriculture was signed in June 1994. It accomplished two things: it brought agricultural trade under the rules of WTO, and it set schedules for reducing barriers to trade under the three pillars of liberalization--market access, export assistance,...

This paper provides an overview of the European Union component of the recently developed ERS/Penn State WTO Model. The model is a multi-region, multi-commodity partial equilibrium trade model which allows the user to simulate the effects of reducing or eliminating tariffs and TRQs, export...

The notion of multifunctional agriculture has been actively researched from diverse disciplines including economics, ecology, sociology, and geography since emerged out of the Uruguay Round in the 1990s. In particular, the economics approach represents an attempt to tailor the concept of...

Agriculture is a very specific sector of production and therefore requires a state intervention, which, however, has several negative effects, which tends to take action to liberalize agricultural trade. An important role in limiting intervention in the agri-food sector played by the Uruguay...

The article concentrates on the analysis of economic mechanisms of export subsidies, which are currently used in agricultural trade. They induce numerous negative effects, leading to an ineffective allocation of resources on an international scale. The agreement reached in the recent years...