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Ideas, Institutions, and Trade - The WTO and the Curious Role of EU Farm Policy in Trade Liberalization (Hardcover, New)
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Ideas, Institutions, and Trade - The WTO and the Curious Role of EU Farm Policy in Trade Liberalization (Hardcover, New)
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Agriculture has a small, and declining, importance in employment
and income generation within the EU, but a political importance
well beyond its economic impact. The EU's common agricultural
policy (CAP) has often been the source of conflict between the EU
and its trade partners within first the GATT, and then the WTO. In
the Doha Round agriculture was again a sticking point, resulting in
setbacks and delays. The position of the EU is pivotal. Due to the
comparatively limited competitiveness of the EU's agricultural
sector, and the EU's institutionally constrained ability to
undertake CAP reform, the CAP sets limits for agricultural trade
liberalization blocking progress across the full compass of the WTO
agenda. Therefore, the farm trade negotiation, with the CAP at its
core, is the key to understanding the dynamics of trade rounds in
the WTO.
The book, written by a political scientist and an agricultural
economist, applies theory on ideas to explain how the agricultural
sector came to be included in the Single Undertaking that resulted
in the Uruguay Round agreements, and how this led to a dynamic
interplay between CAP reform and the possibility of further
agricultural trade liberalization within the WTO, thereby providing
useful insights into international trade relations.
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