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The State of Agricultural Commodity Markets 2022

The geography of food and agricultural trade: Policy approaches for sustainable development

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Year of publication 2022

Place of publication Rome, Italy ;

Pages 128 p.

Author FAO

Publisher FAO ;

Product type Book (series)

Category Flagship

ISBN 978-92-5-136373-7

Series title The State of Agricultural Commodity Markets (SOCO)

Series number 2022

To cite or share https://doi.org/10.4060/cc0471en

Synopsis (short abstract) The State of Agricultural Commodity Markets 2022 (SOCO 2022) discusses how trade policies, based on both multilateral and regional approaches, can address today’s challenges for sustainable development. Trade policies in food and agriculture should aim to safeguard global food security, address the trade-offs between economic and environmental objectives, and strengthen the resilience of the global agrifood system to shocks, such as conflicts, pandemics and extreme weather. The report discusses the geography of trade, analysing food and agricultural trade and its patterns across countries and regions, its drivers and the trade policy environment. Comparative advantage, trade policies and trade costs shape the patterns of trade in food and agriculture. When comparative advantage plays out in the global market, trade benefits all countries. Lowering tariff barriers and reducing trade costs can promote trade and economic growth. Both multilateral and regional trade agreements can facilitate the process of making trade an avenue for growth but the gains of trade are distributed unevenly. When global environmental impacts, such as climate change, are considered, a multilateral approach to trade can help expand the reach of mitigation measures.

The following complementary information is also available:

  • Read the Background paper: International food trade and natural resources
  • Read the Background paper: The impact of changes in the fundamental drivers of trade – Productivity, trade costs, and trade policies
  • Read the Background paper: The evolution of the global structure of food and agricultural trade – Evidence from network analysis
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    Cite this content as:

    FAO. 2022. The State of Agricultural Commodity Markets 2022. The geography of food and agricultural trade:Policy approaches for sustainable development. Rome, FAO.

    https://doi.org/10.4060/cc0471en

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    Language English

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