EC Enlargement and Trade Liberalization in the Vegetable Oils Market Reportar como inadecuado

EC Enlargement and Trade Liberalization in the Vegetable Oils Market - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.

The third EC enlargement to include Spain and Portugal raised substantial problems inthe international olive oil market, where the EC-10 accounted for 48 percent of production and 52 percentof consumption and the new EC members for 30 percent and 24 percent, respectively. Olive oil was highlysupported in the EC-10, where producer prices were more than twice the international prices. Extending(from 1986 to 1991) the EC-10 price support to Spanish and Portuguese producers would have meant hugeEC-12 budgetary costs and a complete price collapse of the tiny world market.This paper presents three simulations of the world market by means of a multi-product and multiregionalprice equilibrium model of the oils and fats sector: (1) the impact of the EC enlargement toinclude Spain and Portugal without CAP changes; (2) the impact of the EC-12 offer in the GATTnegotiations implying a 30-percent decrease in domestic support for olive oil, butter, animal fats, and a6-percent import tariff for oilseeds and other vegetable oils; and (3) the decrease in the producer pricesupport of olive oil that would be needed to offset the impact of enlargement on the EC-12 trade balance.

Subject(s): Agribusiness

International Relations/Trade

Issue Date: 1992

Publication Type: Conference Paper/ Presentation

PURL Identifier: Page range: 61-69

Total Pages: 9

Record appears in: International Association of Agricultural Economists (IAAE) > 1992 Occasional Paper Series No. 6

Autor: Croci-Angelini, Elisabetta ; Tarditi, Secondo


Documentos relacionados