Economic Analysis for International Trade Negotiations: The WTO and Agricultural Trade

Trade negotiations are complex interactive processes that bring a combination of existing trade law, the pleadings of special interests and economic theory together in the give and take of compromise, bluff and strategic alliances. Trade disputes involving food and other agricultural products - controversial subjects such as genetically modified foods and Creutzfeldt-Jakob disease - are the subject of newspaper headlines almost daily. As developing countries demand improved access to European and US markets for their products, international trade has moved into a new era and is now at the heart of trade negotiations. Economic Analysis for International Trade Negotiations provides an analytical framework in which to examine the complex economic issues which arise in international trade negotiations. This framework is developed using examples arising from current contentious issues in the international trade in agricultural products including market access, subsidies, non-tariff barriers, health regulations and biotechnology. The volume concludes with a discussion on the future of trade. Providing a link between economic theory and the WTO, this comprehensive volume will be of great interest to academics specialising in international trade, international relations, agri-business and international business.