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Impacts of trade liberalizations under the Uruguay Round on the world sugar market
Author(s) -
Devadoss Stephen,
Kropf Jurgen
Publication year - 1996
Publication title -
agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.29
H-Index - 82
eISSN - 1574-0862
pISSN - 0169-5150
DOI - 10.1111/j.1574-0862.1996.tb00423.x
Subject(s) - sugar , negotiation , economics , sugar production , developing country , world trade , international economics , consumption (sociology) , international trade , agricultural economics , business , economic growth , political science , social science , biochemistry , chemistry , sociology , law
The impacts of the Uruguay Round policy provisions on the world sugar market show that these policies will stabilize the world sugar price at slightly higher levels than in the baseline. Global sugar consumption will increase as a result of the income growth caused by the Uruguay Round. Economic resources will be allocated more efficiently among the sugar industries of the various countries. However, the impacts on the sugar industries in countries with strong producer supports will be rather small because the negotiation process of the Uruguay Round has accommodated the changes in sugar policies already implemented by individual countries in the past few years. Low‐cost sugar producing countries will benefit from the higher world sugar price, and consumers in countries with protected markets will benefit from lower domestic prices.