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Potential Trade Effects Of Tariff Liberalization Under The Transatlantic Trade And Investment Partnership (Ttip) For The Eu Agri-Food Sector

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  • Agnieszka Poczta-Wajda,
  • Agnieszka Sapa

Abstract

The aim of this article is to determine the potential trade effects of Transatlantic Trade and Investment Partnership (TTIP) for the EU agri-food sector. The ex post analysis covered the characteristics of agri-food trade between the EU and the US in the years 2004–2014 on the basis of statistical data from the database of the World Bank WITS. The ex ante evaluation was carried out using SMART – a partial equilibrium model. The results of the study indicate that although bilateral agri-food trade relations of the EU–US have relatively little importance, but it is significant at the individual industries level. TTIP agreement, which includes the reduction of tariff barriers to agri-food trade between the EU and the US, will contribute to boosting bilateral agri-food trade to a greater extent for the US. The creation of a free trade produces mostly creation effect, whereby it will be asymmetric – concentrated in a few product groups.

Suggested Citation

  • Agnieszka Poczta-Wajda, & Agnieszka Sapa, 2017. "Potential Trade Effects Of Tariff Liberalization Under The Transatlantic Trade And Investment Partnership (Ttip) For The Eu Agri-Food Sector," Journal of Agribusiness and Rural Development, University of Life Sciences, Poznan, Poland, vol. 44(2), June.
    • Handle: RePEc:ags:pojard:264333
    DOI: 10.22004/ag.econ.264333
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    References listed on IDEAS

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    1. Caesar, Cororaton & David, Orden, 2016. "Potential Economic Effects of the Reduction in Agricultural and Nonagricultural Trade Barriers in the Transatlantic Trade and Investment Partnership," MPRA Paper 74773, University Library of Munich, Germany, revised 27 Oct 2016.
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    3. Beckman, Jayson & Arita, Shawn & Mitchell, Lorraine & Burfisher, Mary, 2015. "Agriculture in the Transatlantic Trade and Investment Partnership: Tariffs, Tariff-Rate Quotas, and Non-Tariff Measures," Economic Research Report 212886, United States Department of Agriculture, Economic Research Service.
    4. Cororaton, Caesar B. & Orden, David, 2016. "Potential Economic Effects of the Reduction in Agricultural and Nonagricultural Trade Barriers in the Transatlantic and Investment Partnership - Slides," Proceedings Issues, 2016: Climate Change and International Agricultural Trade in the Aftermath of COP21, December 11-13, 2016, Scottsdale, Arizona 252424, International Agricultural Trade Research Consortium.
    5. Cororaton, Caesar B. & Orden, David, 2016. "Potential Economic Effects of the Reduction in Agricultural and Nonagricultural Trade Barriers in the Transatlantic and Investment Partnership," Proceedings Issues, 2016: Climate Change and International Agricultural Trade in the Aftermath of COP21, December 11-13, 2016, Scottsdale, Arizona 252425, International Agricultural Trade Research Consortium.
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    2. Mugume, Regean & Nattabi, Kibirige Aida, 2021. "The potential Trade effects of Democratic Republic of Congo Joining the East African Community bloc," African Journal of Economic Review, African Journal of Economic Review, vol. 9(4), September.

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