Impacts of trade liberalizations under the Uruguay Round on the world sugar market

Stephen Devadoss, Jurgen Kropf

Research output: Contribution to journalArticlepeer-review

25 Scopus citations

Abstract

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.

Original languageEnglish
Pages (from-to)83-96
Number of pages14
JournalAgricultural Economics
Volume15
Issue number2
DOIs
StatePublished - Nov 1996

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