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U.S. Agriculture And The Free Trade Area Of The Americas

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Abstract

The Free Trade Area of the Americas (FTAA), a free trade area under negotiation among the United States and 33 countries in the Western Hemisphere, will progressively liberalize trade and investment in the region. It is scheduled to become effective by the end of 2005. The FTAA will lead to a 6-percent increase in annual U.S. agricultural exports to the Hemisphere and a 3-percent increase in annual U.S. agricultural imports from the Hemisphere. The FTAA will increase annual U.S. agricultural exports and imports worldwide by about $1 billion each. The expansion of U.S. agricultural trade due to the FTAA will result from both the direct effect of trade liberalization and the indirect effect of accelerated economic growth in increasing agricultural demand in the Western Hemisphere. The FTAA complements the multilateral negotiations in the Doha Development Agenda, which have a broader agenda for agricultural reform.

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  • Unknown, 2004. "U.S. Agriculture And The Free Trade Area Of The Americas," Agricultural Economic Reports 33995, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:33995
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    File URL: https://ageconsearch.umn.edu/record/33995/files/ae040827.pdf
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    References listed on IDEAS

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    1. Sykes, Alan O, 1999. "The (Limited) Role of Regulatory Harmonization in International Goods and Services Markets," Journal of International Economic Law, Oxford University Press, vol. 2(1), pages 49-70, March.
    2. John M. Antle, 1996. "Efficient Food Safety Regulation in the Food Manufacturing Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(5), pages 1242-1247.
    3. Roberts, Donna, 1998. "Preliminary Assessment of the Effects of the WTO Agreement on Sanitary and Phytosanitary Trade Regulations," Journal of International Economic Law, Oxford University Press, vol. 1(3), pages 377-405, September.
    4. James M. MacDonald & Stephen Crutchfield, 1996. "Modeling the Costs of Food Safety Regulation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(5), pages 1285-1290.
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    Cited by:

    1. Gloria O. Pasadilla, 2007. "Preferential trading agreements and agricultural liberalization in East and South-East Asia," STUDIES IN TRADE AND INVESTMENT, in: Studies in Trade and Investment - AGRICULTURAL TRADE - PLANTING THE SEEDS OF REGIONAL LIBERALIZATION IN ASIA, volume 60, pages 75-130, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).

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