The Decline of Commodity Prices and Global Agricultural Trade Negotiations: A Game Changer?

With food prices reaching their lowest levels since 2006, governments have been under increased pressure to increase tariff protection or provide state aid to guarantee remunerative prices and maintain farm income domestically, often at the expense of smaller countries that cannot compete with the t...

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Main Authors: Christophe Bellmann, Jonathan Hepburn
Format: Article
Language:English
Published: Institut de Hautes Études Internationales et du Développement 2020-02-01
Series:Revue Internationale de Politique de Développement
Online Access:https://journals.openedition.org/poldev/2384
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author Christophe Bellmann
Jonathan Hepburn
author_facet Christophe Bellmann
Jonathan Hepburn
author_sort Christophe Bellmann
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description With food prices reaching their lowest levels since 2006, governments have been under increased pressure to increase tariff protection or provide state aid to guarantee remunerative prices and maintain farm income domestically, often at the expense of smaller countries that cannot compete with the treasuries of large agriculture players. A review of trade-restrictive measures applied in the last 10 years confirms the resurgence of such isolating trade policies and a significant shift towards more government subsidies and market access protection. Based on this data and a review of recent policy changes in major economies such as the EU, US and China, this paper assesses the possible implications of this new price environment for future reforms of agricultural policies, including the prospects for removing trade distortions as envisaged under the 2030 Development Agenda.
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spelling doaj-art-4174896067cc44fbb8f13b3b9052b87f2024-12-09T15:48:20ZengInstitut de Hautes Études Internationales et du DéveloppementRevue Internationale de Politique de Développement1663-93751663-93912020-02-018110.4000/poldev.2384The Decline of Commodity Prices and Global Agricultural Trade Negotiations: A Game Changer?Christophe BellmannJonathan HepburnWith food prices reaching their lowest levels since 2006, governments have been under increased pressure to increase tariff protection or provide state aid to guarantee remunerative prices and maintain farm income domestically, often at the expense of smaller countries that cannot compete with the treasuries of large agriculture players. A review of trade-restrictive measures applied in the last 10 years confirms the resurgence of such isolating trade policies and a significant shift towards more government subsidies and market access protection. Based on this data and a review of recent policy changes in major economies such as the EU, US and China, this paper assesses the possible implications of this new price environment for future reforms of agricultural policies, including the prospects for removing trade distortions as envisaged under the 2030 Development Agenda.https://journals.openedition.org/poldev/2384
spellingShingle Christophe Bellmann
Jonathan Hepburn
The Decline of Commodity Prices and Global Agricultural Trade Negotiations: A Game Changer?
Revue Internationale de Politique de Développement
title The Decline of Commodity Prices and Global Agricultural Trade Negotiations: A Game Changer?
title_full The Decline of Commodity Prices and Global Agricultural Trade Negotiations: A Game Changer?
title_fullStr The Decline of Commodity Prices and Global Agricultural Trade Negotiations: A Game Changer?
title_full_unstemmed The Decline of Commodity Prices and Global Agricultural Trade Negotiations: A Game Changer?
title_short The Decline of Commodity Prices and Global Agricultural Trade Negotiations: A Game Changer?
title_sort decline of commodity prices and global agricultural trade negotiations a game changer
url https://journals.openedition.org/poldev/2384
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