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Hopes and Fears: The New World Trade Negotiations and Southern Agriculture

Published online by Cambridge University Press:  28 April 2015

Mary A. Marchant
Mary A. Marchant*
Affiliation:
Department of Agricultural Economics, University of Kentucky, Lexington
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Abstract

Understanding the impacts of the Uruguay Round (UR) Agreement on southern commodities serves as a starting point to assess the potential impacts of the next global trade negotiations in terms of hope (expanding export markets) and fear (new competition). Key issues examined include whether or not the UR Agreement resulted in new markets or new competition for key southern commodities—cotton, poultry, tobacco, and rice. For new markets, export data were analyzed to determine if exports increased since the passage of the UR Agreement in 1994. Also, countries that are leading world importers of these southern commodities were identified and data analyzed to determine whether the U.S. is exporting to these top markets. Alternatively, to assess whether the UR Agreement resulted in new competition for southern commodities, countries that are leading world exporters were identified and data analyzed to determine whether the U.S. is among them. Data analyses was supplemented with interviews of southern commodities experts who assess impacts of the GATT-UR and identify issues for the next round of global trade negotiations.

Keywords

agricultural tradecottonGeneral Agreement on Tariffs and Trade (GATT)international tradepoultryricethe SouthtobaccoUruguay Round AgreementWorld Trade Organization (WTO)
Type
Presidential Address
Information
Journal of Agricultural and Applied Economics , Volume 31 , Issue 2 , August 1999 , pp. 185 - 200
Copyright
Copyright © Southern Agricultural Economics Association 1999

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