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Revisiting Barriers to Trade: Do Foregone Health Benefits Matter?

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  • Zhang, Sidi
  • Kerr, William A.

Abstract

This paper examins the question of revisiting the imposition of existing trade barriers in one case of an evolving marketplace – when a traditional food product is altered to provide, or discovered to have, human health benefits that increases their value to consumers. In other words, the food becomes a functional food. A functional food has the potential provide direct benefits to consumers as well as indirect benefits to society in the form of health care cost savings. If the trade barrier was put in place prior to these direct and indirect benefits of the food becoming apparent, then they would not have been considered when the decision to impose the trade barrier was taken. In these circumstances, policy makers may wish to revisit a decision to impose a trade barrier.

Suggested Citation

  • Zhang, Sidi & Kerr, William A., 2009. "Revisiting Barriers to Trade: Do Foregone Health Benefits Matter?," Working Papers 51092, Canadian Agricultural Trade Policy Research Network.
  • Handle: RePEc:ags:catpwp:51092
    DOI: 10.22004/ag.econ.51092
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    References listed on IDEAS

    as
    1. William A. Kerr & James D. Gaisford (ed.), 2007. "Handbook on International Trade Policy," Books, Edward Elgar Publishing, number 3521.
    2. Karl Meilke & Mitch Wensley & Merritt Cluff, 2001. "The Impact of Trade Liberalization on the International Oilseed Complex," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 23(1), pages 2-17.
    3. Kerr, William A. & Loppacher, Laura J., 2005. "Trading Biofuels - Will International Trade Law Be a Constraint?," CAFRI: Current Agriculture, Food and Resource Issues, Canadian Agricultural Economics Society, issue 6, pages 1-13, March.
    4. Jill E. Hobbs, 2007. "Technical Barriers to Trade," Chapters, in: William A. Kerr & James D. Gaisford (ed.), Handbook on International Trade Policy, chapter 37, Edward Elgar Publishing.
    5. Stavroula Malla & Jill E. Hobbs & Orsolya Perger, 2007. "Valuing the Health Benefits of a Novel Functional Food," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 55(1), pages 115-136, March.
    6. James D. Gaisford & William A. Kerr, 2001. "Economic Analysis for International Trade Negotiations," Books, Edward Elgar Publishing, number 2243.
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    Cited by:

    1. Smyth, Stuart & Kerr, William A. & Phillips, Peter, 2010. "The Incompatibility of Science and Trade at the International Level," 14th ICABR Conference, June 16-18, 2010, Ravello, Italy 188113, International Consortium on Applied Bioeconomy Research (ICABR).

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    Keywords

    Agricultural and Food Policy; Health Economics and Policy; International Relations/Trade;
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