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The Law on International Trade in Agricultural Products - From GATT 1947 to the WTO Agreement on Agriculture (Hardcover)
Loot Price: R8,933
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The Law on International Trade in Agricultural Products - From GATT 1947 to the WTO Agreement on Agriculture (Hardcover)
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As far back as Ricardo's principle of comparative advantage - from
which all trade liberalization theory ultimately derives - it has
been customary to treat agriculture as the general exception to
trade rules. Nations protect their agricultural trade in a variety
of ways: through the limited quantitative restrictions and export
quotas permitted under prevailing trade rules; through
country-specific derogation in the form of waivers; or even through
blatant violations of the General Agreement on Tariffs and Trade
(GATT). In fact, despite the general dramatic decline in tariffs in
recent decades, the level of effective protection against the flow
of agricultural trade has been steadily rising, almost entirely at
the behest of developed countries and to the detriment of
developing countries. This book analyzes the realities and future
prospects for global trade in agricultural products. It seeks to
explain the real or apparent rationale behind the virtual exemption
of agricultural trade from the operation of the law governing
international trade in general, focusing on the GATT/WTO system but
examining a variety of nation-source policy reasons that generate
this crucial counter-current to the general sweep of trade
liberalization. The issues and topics that arise in the course of
the discussion include the following: the "tariffication" of
non-tariff barriers under the Agriculture Agreement; export
subsidies under the Agreement on Subsidies and Countervailing
Measures; remedies available against prohibited subsidies; relevant
WTO cases, especially FSC and Canada Dairy, as well as earlier GATT
jurisprudence; "downstream flexibility" exceptions; the concept of
"domestic support"; methods used to reduce Aggregate Measurement of
Support (AMS); and, relevant non-trade concerns, for example,
environment; poverty alleviation; food safety; and animal welfare.
Professionals interested in the effective and equitable development
of international trade, as well as officials involved in trade or
agricultural regulation at any administrative level, should find
both informed insight into present and future concerns and
realistic assessment of a critical area of global policy in this
book.
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