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Studies show US farmers to gain more market access

Studies show US farmers to gain more market access
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First Published: Thu, Jul 10 2008. 01 08 AM IST
Updated: Thu, Jul 10 2008. 01 08 AM IST
Geneva: US farm exporters will mainly gain access to markets in other rich countries under a likely World Trade Organization (WTO) deal, new studies by three major agricultural institutes said.
The studies, by the International Centre for Trade and Sustainable Development, International Food and Agricultural Trade Policy Council and International Food Policy Research Institute, look at the impact of a WTO deal on the US, the European Union (EU) and India.
“The US study shows that the US gains most market access in other developed countries,” the three organizations said in a joint news release.
Tariffs faced by US farm exporters in developed countries would fall to 9.1% from 18.7%, while actual farm tariffs in developing countries would fall only slightly, to 9.1% from 10%.
The EU study concludes that WTO cuts in farm support will not constrain the EU’s common agricultural policy until the end of the proposed five-year implementation period.
India is a net food exporter but its farmers will see significant liberalization on only 30% of their exports, mainly to developed countries, the India study said. “India’s strong support of special and differential treatment opens few new market opportunities in developing countries,” it said.
The proposed formula for cutting farm tariffs would see India’s applied, or actual, tariffs fall to an average 54% from 59%.
REUTERS
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First Published: Thu, Jul 10 2008. 01 08 AM IST