Title: Global Food Price Crisis— Trade Policy Options
Abstract: The current global food price crisis has deep historical roots in the distortions of the world trading system. Trade policy options to deal with the crisis involve correcting these historical distortions. They include removing export controls on agricultural products, eliminating restrictions on humanitarian food aid, reducing excessive stocks of food grains, reversing biofuel subsidies and protection to inefficient producers, lowering customs duties on agricultural products, facilitating agriculture trade, completing the Doha round of trade negotiations, and, in the long run, and further liberalizing agricultural trade on a multilateral basis. Many importing countries have already embarked on this agenda by slashing tariffs to lower the costs in their domestic markets.
Publication Year: 2008
Publication Date: 2008-06-01
Language: en
Type: article
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Cited By Count: 3
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