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Paper

Written Paper

Trade policy and food security: the implications of the WTO’s agreement on agriculture for Caribbean small vulnerable economies (SVEs)  [2011]

C. Pennycooke;

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Agriculture is instrumental in the socio-economic development of Caribbean small, vulnerable economies (SVEs). This paper focuses on the impact of WTOs Agreement on Agriculture (AoA) on food security in Caribbean SVEs. <br />The paper figures that WTO multilateral negotiations brought trade-related problems experienced by the SVEs to attention, including the effects of AoA on their sustainable development. In this sense, the author notices that the reduction in traditional agricultural exports and tariff escalation in markets of interest for the Caribbean SVEs have reduced export earnings in basic agricultural production. Equally important, the influx of cheap imports resulted in losses for domestic producers. As a result, the expected gains from AoA for Caribbean SVEs did not materialise. <br />The paper concludes that in order to prevent the indirect impact of AoA on food security, a comprehensive approach to policy reform in Caribbean SVEs is necessary. Recommendations are that: the governments of Caribbean SVEs need to encourage investment and take advantage of free trade agreements and their development opportunities Caribbean SVEs are recommended to implement import substitution initiatives, such as increasing regional production of starchy root crops, aimed at imported cereal replacement likewise, implementing sound SPS measures that are not in opposition to WTO rules but limits the amount of imports that are dumped on domestic markets could be
advised the group needs to take advantage of the special products and SVEs flexibilities allowed for through the draft text of December 2008 similarly, the governments of Caribbean SVEs should continue the drive for the expansion of the eligibility to use special safeguard in the long run, the continued deepening of the regional integration process, especially in terms of a regional food policy is a favourable strategy<br />

Bibliographic information

Language:
English
In AGRIS since:
2013
Publisher:
United Nations [UN] Conference on Trade and Development
All titles:
"Trade policy and food security: the implications of the WTO’s agreement on agriculture for Caribbean small vulnerable economies (SVEs)"@eng
Other:
"<p>Caribbean small and vulnerable economies gained nothing from WTO Agreement on Agriculture</p>"
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Bibliographic information

Language:
English
In AGRIS since:
2013
Publisher:
United Nations [UN] Conference on Trade and Development
All titles:
"Trade policy and food security: the implications of the WTO’s agreement on agriculture for Caribbean small vulnerable economies (SVEs)"@eng
Other:
"<p>Caribbean small and vulnerable economies gained nothing from WTO Agreement on Agriculture</p>"