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Agriculture and Food in the 21 st Century

Economic, Environmental and Social Challenges- Festschrift on the Occasion of Prof. Dr. Dr. h.c. P. Michael Schmitz 65 th Birthday

Monika Hartmann and Joachim Hesse

This Festschrift in honour of Professor Dr. Dr. h.c. P. Michael Schmitz covers theoretical as well as empirical works on challenges prevailing in the food and agricultural sector. Discussions of conflicts between social and ecological requests of citizens and market outcomes are provided. The contributors discuss options of policy interventions as well as their limitations. Empirical facts that can contribute to a more evidence based policy formation are also presented. The book itself consists of two parts: «agri-food markets and policies» and «agriculture, trade and development». Topics covered are moral, markets and policies, farm animal welfare, fat taxes, agricultural derivatives markets, future food value chains, free trade agreements, food security, food waste and climate change.
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Agriculture, Trade and Development

Extract

Martina BROCKMEIER, Tanja ENGELBERT and Janine PELIKAN

Abstract

A successful conclusion of the Transatlantic Trade and Investment Partnership (TTIP) between the European Union (EU) and the United States (US) will create one of the biggest Free Trade Areas (FTAs) world-wide between two already very important trading blocks. The analysis in this paper is based on an integrated econometric-CGE (Computable General Equilibrium) analysis, where econometrically estimated non-tariff barriers (NTBs) are used in conjunction with the GTAP (Global Trade Analysis Project) model. We estimate NTBs for a disaggregated food and agricultural sector comprising 16 primary agricultural and processed food sectors. The results show that the elimination of NTBs between the EU and US is of substantially higher importance for TTIP than the abolishment of tariffs. The EU and the US will experience a noteworthy increase of their welfare and GDP, whereas we notice a negative development for these variables in third countries. However, a clear trend in the results for the food and agricultural sectors of the two partners of the TTIP cannot be observed. None of the TTIP countries can consistently increase their exports of food and agricultural products, nor does one show a consistent decrease in imports of these sectors. On the contrary, it seems to be clear that third countries are more likely to gain from the TTIP if they adapt to the standard set by the EU-US FTA and take advantage of the resulting spill-over effect.

Introduction

In June 2013,...

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