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The chapters collected here explore a number of different issues,
including the operation of the tariff-rate quotas established under
the Uruguay Round Agreement, the implications of sanitary and
phytosanitary restrictions on trade, and the growing controversy
over genetically modified organisms. In addition, several chapters
analyze the interaction between agricultural trade and
environmental concerns. The relative prosperity in U.S. agriculture
that attended the passage of the Federal Agriculture Improvement
and Reform Act of 1996 was followed by a general decline in U.S.
agricultural prices from 1998 to 2000. This trend in declining
prices continues through the year 2001, despite the movement toward
more liberalized agricultural trade. Trade liberalization has been
the result of a variety of factors, including the implementation of
the Uruguay Round Agreement, and the establishment of a variety of
regional trade agreements, such as the North America Free Trade
Agreement. Needless to say, in the face of falling agricultural
prices and increasingly liberalized agricultural trade, the
agricultural policy scene is an extremely complex one, both locally
and globally.This volume does not pretend to offer a single,
systematic prescription for what the next agricultural policy
should be. Rather, the arguments and analyses contained herein are
intended to highlight several issues that must be considered in the
continuing debates on agricultural policy.
The chapters collected here explore a number of different issues,
including the operation of the tariff-rate quotas established under
the Uruguay Round Agreement, the implications of sanitary and
phytosanitary restrictions on trade, and the growing controversy
over genetically modified organisms. In addition, several chapters
analyze the interaction between agricultural trade and
environmental concerns. The relative prosperity in U.S. agriculture
that attended the passage of the Federal Agriculture Improvement
and Reform Act of 1996 was followed by a general decline in U.S.
agricultural prices from 1998 to 2000. This trend in declining
prices continues through the year 2001, despite the movement toward
more liberalized agricultural trade. Trade liberalization has been
the result of a variety of factors, including the implementation of
the Uruguay Round Agreement, and the establishment of a variety of
regional trade agreements, such as the North America Free Trade
Agreement. Needless to say, in the face of falling agricultural
prices and increasingly liberalized agricultural trade, the
agricultural policy scene is an extremely complex one, both locally
and globally. This volume does not pretend to offer a single,
systematic prescription for what the next agricultural policy
should be. Rather, the arguments and analyses contained herein are
intended to highlight several issues that must be considered in the
continuing debates on agricultural policy.
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