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Reducing Transatlantic Barriers on U.S.-EU Agri-food Trade: What Are the Possible Gains?

Arita, Shawn; Beckman, Jayson and Mitchell, Lorraine (2017). Reducing Transatlantic Barriers on U.S.-EU Agri-food Trade: What Are the Possible Gains? Food Policy, 68 pp. 233–247.

DOI (Digital Object Identifier) Link: https://doi.org/10.1016/j.foodpol.2016.12.006
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Abstract

In recent years, the EU and the U.S. have engaged in discussions to lower trade and investment barriers and strengthen transatlantic integration. For food and agricultural trade, non-tariff measures (NTMs) such as sanitary and phytosanitary measures (SPS) stand out as significant barriers. This study combines sector-level econometric modeling with an agriculture-focused computable generable equilibrium (CGE) model to simulate various transatlantic liberalization scenarios on U.S.-EU agri-food trade. The simulations quantify the effect from tariff removal and addressing NTMs. The magnitude of the gains depend upon the level of tariff liberalization, the depth of integration, and possible consumer demand changes.

Item Type: Journal Item
ISSN: 0306-9192
Project Funding Details:
Funded Project NameProject IDFunding Body
Not SetNot SetUSDA
Keywords: Transatlantic Integration; Computable general equilibrium (CGE) model; Non-tariff measures (NTMs); Deep trade integration
Academic Unit/School: Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies > Economics
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies
Faculty of Arts and Social Sciences (FASS)
Item ID: 68743
Depositing User: Lorraine Mitchell
Date Deposited: 08 Jan 2020 10:35
Last Modified: 26 Jan 2020 09:40
URI: http://oro.open.ac.uk/id/eprint/68743
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