
<oai_dc:dc xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/">
  <dc:description xml:lang="eng">Abstract
In this paper, I review the perspectives of the liberalisation of international trade in agricultural
products. The analysis presented in the paper shows that there has been a significant move
towards liberalisation of these trade flows over the past several decades. However, the potential
for further trade liberalisation in the sector remains. Although the tariffs have been reduced
globally, in some countries they are still an insurmountable barrier to trade. Moreover, tariffs
in agricultural trade are still, on average and globally, higher comparing to tarries imposed on
other product groups. Bali package suggests further trade liberalisation for agricultural products
in the future. An important issue that remains to be addressed is agricultural subsidies, which,
despite being regulated by the Agriculture Agreement, still pose an important problem in
agricultural trade. The problem is further aggravated during the financial crisis and, more
recently, the Covid-19 pandemic, all of which further impeded the reductions of subsidies.
Finally, the analysis identified a proliferation of non-tariff barriers in agricultural trade in the
analysed period. Ecological barriers and differences in sanitary and phytosanitary measures
between the countries were revealed to strongly hinder agricultural trade flows between
developing and developed countries. The liberalisation of agricultural trade and the unification
of ecological, sanitary and phytosanitary, and production standards could intensify these flows
and thereby improve the global allocation of the resources, reduce the existing production
distortions and increase global welfare. This could particularly benefit smaller producers in
developing countries, as well as all the consumers. Further liberalisation will likely require a
multilateral approach, in which the World Trade Organisation could play a vital role.</dc:description>
  <dc:language>eng</dc:language>
  <dc:identifier>https://phaidrabg.bg.ac.rs/o:33497</dc:identifier>
  <dc:identifier>ISBN: 978-605-74234-4-3</dc:identifier>
  <dc:title xml:lang="eng">Perspectives of Agricultural Trade Liberalisation</dc:title>
  <dc:subject xml:lang="eng">Keywords: Agricultural trade, trade liberalisation, tariffs, non-tariff measures, WTO</dc:subject>
  <dc:publisher>Bandirma Onyedi University Faculty of Economics and Administrative Science</dc:publisher>
  <dc:format>application/pdf</dc:format>
  <dc:format>78942 bytes</dc:format>
  <dc:creator id="https://orcid.org/0000-0002-6138-906X">Kastratović, Radovan</dc:creator>
  <dc:date>2021</dc:date>
  <dc:source>12th SCF international conference on contemporary issues in social sciences : proceedings book, </dc:source>
  <dc:source>str. 16-16</dc:source>
  <dc:rights>All rights reserved</dc:rights>
  <dc:type>info:eu-repo/semantics/conferenceProceedings</dc:type>
</oai_dc:dc>
