Face the challenge of change in the global agricultural trade market! This insightful book presents a comprehensive overview of the trade situation facing agriculture in the 21st century. This esteemed collection of the field?s foremost researchers evaluates anticipated changes to the agricultural trade market and the competitiveness of commodities and products resulting from existing and potential international policies. Agricultural Trade Policies in the New Millennium provides an in-depth understanding of multilateral trade negotiations (past, present, and future) and the impact of regionalism on agricultural trade. It also analyzes trade issues specific to individual commodities, such as rice, wheat, and cotton. Agricultural Trade Policies in the New Millennium consolidates essential trade research into a one-of-a-kind reference source for economists, academics, and agriculture professionals. The book provides a detailed overview of current and potential trade situations, divided into three concise sections: key issues influencing trade negotiations from the perspective of developed and developing countries and the environment; commodity trade and trade policy issues concerning competitiveness and the international policy environment for coarse grains, cotton, rice, sugar, and wheat; and general issues related to multilateral and regional trade agreements, including policy tools within the World Trade Organization, anti-dumping actions, regionalism, price volatility, and the macroeconomic effects of trade liberalization. Agricultural Trade Policies in the New Millennium examines: key issues influencing trade negotiations commodity trade and trade policy issues issues and concerns related to multilateral and regional trade negotiations challenges facing trade policy prospects for the agricultural sector in the new millennium With international policy issues like the WTO’s Millennium Round and the Free Trade Area of the Americas (FTAA) in negotiation and a new United States farm bill pending, Agricultural Trade Policies in the New Millennium provides much-needed textbook analysis by expert researchers. This vital book will keep you in touch with current trade negotiations and policy decisions that are certain to hold major implications for the agricultural sector.

The challenges to meeting the growing global food demand—population and income growth and supply uncertainties complicated by climate change, environmental pressures, and water scarcity—all point to the increasing importance of trade and the need for a more, not less, open trading system. Growth in agricultural trade has been facilitated in part through the rules-based system established under the World Trade Organization (WTO), particularly the Uruguay Round Agreement on Agriculture (AoA). The AoA was implemented in 1995 and brought substantial discipline to the areas of market access, domestic support, and export competition. However, progress since the Uruguay Round has been limited. While the Doha Development Agenda (DDA) was launched with much anticipation in 2001, members failed to reach agreement in July 2008 and the trade agenda in Geneva has since advanced slowly. Despite the best efforts of many, the negotiating intensity seen in late 2007 and 2008 has largely dissipated, in part due to the global recession and the inevitable changes in governments that sometime shift the focus of negotiations. Serious efforts were made to renew the negotiations, but in the end, members have had to be content with harvesting the low-hanging fruit, such as trade facilitation and export competition. Although there have been significant accomplishments, they represent but a small portion of what was on the table during the DDA negotiations. In addition, negotiated settlements on the tougher issues, such as market access and domestic support, have become more difficult to obtain in isolation. The recent experience at the WTO’s Eleventh Ministerial Conference in Buenos Aires highlights the difficulties of reaching a negotiated settlement on domestic support in isolation from, say, market access. Given the increasing importance of trade in addressing food security needs and its critical role in efforts to eliminate malnutrition and hunger by 2030, achieving further progress in the liberalization of world trade is of paramount importance.

Opportunities and Obligations: New Perspectives on Global and U.S. Trade Policy, is an extraordinary collection of essays by leading trade officials, academic experts, and major stakeholders. The essays are divided into three topics: The global trading system and its future direction The range of views presented provides diverse perspectives on the future direction of the trading system, the challenges of the Doha Round, the aspirations of developing countries within the system, the future direction of rules, rights and obligations, the challenges faced by countries trying to join the WTO. Perspectives on the direction of US trade policy Leaders from the past Administration, both sides of the aisle in the U.S. House of Representatives, labor, business, a leading NGO as well as leading journalists and writers offer views about where U.S. trade policy should go to secure America’s economic future. The global food crisis and how the trading system can help be part of the solution The run up of food prices internationally in 2007-08 and the efforts by many countries to restrict exports in the name of providing for citizens at home created some severe challenges for the global institutions and raised, within trade circles, the question of how trade could make a contribution to the alleviation of hunger and not exacerbate the problems of hunger. Papers in part three of the book look at the issue from the perspective of the WTO, the European Commission, and the United Nation’s World Food Program.

The Uruguay Round trade negotiations marked a historic turning point in the reform of agricultural trade. The Uruguay Round Agreement on Agriculture (URAA) replaced nontariff barriers with bound tariffs, curbed export subsidies, and codified domestic agricultural programs. Unfortunately, the URAA bound many of the tariffs that replaced nontariff barriers too high, it legitimized export subsidies, and it left the domestic farm policies of the major industrial countries largely untouched. Fortunately, regional trade institutions have also begun to grapple with agricultural trade liberalization. Agriculture was featured in the Mercosur agreement, in recent agreements between the European Union and the countries of Central and Eastern Europe, and in the North American Free Trade Area (NAFTA). Plans for broad supraregional trade structures, such as the Asia Pacific Economic Cooperation (APEC) forum and the Free Trade Area of the Americas (FTAA), have also dealt with the inclusion of agricultural trade. Meanwhile, in developing and middle-income countries, unilateral agricultural policy reforms have been part of recent economic policy changes. However, in the industrial countries, agricultural policy reform has languished in the face of much domestic opposition. But the reform of the European Union's Common Agricultural Policy (CAP) in 1992 and the 1996 Farm Bill in the United States seems to have ushered in a new era of relations between government and agricultural groups. The author points out ways that multilateral, regional, and unilateral paths could be coordinated to liberalized agricultural trade. He proposes a set of multilateral talks that would benefit from agricultural reform at all levels and complete the job begun at the Uruguay Round.