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: https://doi.org/10.1016/j.foodpol.2016.12.006

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.

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About

• Item ORO ID
• 68743
• Item Type
• Journal Item
• ISSN
• 0306-9192
• Project Funding Details

• Funded Project Name	Project ID	Funding Body
  Not Set	Not Set	USDA

• Keywords
• Transatlantic Integration; Computable general equilibrium (CGE) model; Non-tariff measures (NTMs); Deep trade integration
• Academic Unit or 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)
• Depositing User
• Lorraine Mitchell