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Book (stand-alone)FAO TRADE POLICY TECHNICAL NOTES - No. 1. COTTON: impact of support policies on developing countries - a guide to contemporary analysis
FAO TRADE POLICY BRIEFS - No. 1. COTTON: impact of support policies on developing countries - why do the numbers vary?
2004Subsidies maintain cotton production at otherwise unprofitable levels in industrialized countries Excess supply induced by domestic subsidies has a depressing effect on the world market price Subsidy reductions will reduce poverty in developing producing countries Estimates of the magnitude of the impact of subsidies on the global pattern of cotton production, world market prices and cotton trade vary due to the range of assumptions used by different studies -
Book (stand-alone)Review of agrifood trade policies of the Eastern Europe, Caucasus and Central Asia countries, 2019–2020 2022
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This review is devoted to the analysis of the agricultural trade policy of the Eastern Europe, the Caucasus and Central Asia countries. The purpose of the review is to monitor the latest developments in the trade policies of these countries that have an impact on the dynamics and structure of trade. The overview chapter summarizes the main agricultural trade trends in the twelve countries of the region from 2019–2020. The publication also includes a thematic chapter analysing the impact of the COVID-19 pandemic on agrifood trade and trade policy in these countries. -
Book (series)Impact of trade policy measures on agricultural markets during global disruptions
A multicountry analysis
2024Also available in:
No results found.The past COVID-19 pandemic has led to severe economic consequences worldwide. The global health crisis has affected supply and demand, both domestic and international. However, the shock has been noticeably heterogeneous across sectors. Since the onset of the pandemic, agricultural markets have been resilient compared to other industries, in part due to moderately stable international trade flows. Are export restrictions less determinant than in previous crises? Have countries adopted a more trade-promoting approach compared to the previous food price crisis a decade before? This study evaluates trade policy interventions adopted since the onset of the pandemic, using a gravity setting with data on monthly trade flows. Overall, our findings suggest that government interventions have had a more positive effect on agricultural trade compared to the 2007–2008 crisis. Despite initial and short-lived export restrictions, governments have largely focused on facilitating trade flows. The most significant effect has come from trade-promoting measures and the benefits translated into enhanced trade across all regions. Some of these practices, such as acceptance of digital import documentation, could be established on a permanent basis, while others, like temporary elimination of import quotas, might be considered as efficient interventions for future crises. Products of animal origin were most affected by import restrictions, highlighting the importance of timely and accurate international notification of potential health risks to avoid speculation and market disruptions. Food import-dependent nations remain vulnerable to crises due to their sensitivity to export restrictions, even when temporary. Therefore, keeping a certain level of stock in key staple foods as well as a diversified portfolio of trade partners is imperative to ensure the resilience of domestic food markets.
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