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The degree to which countries are pursuing regional trade agreements (RTAs) has been nothing short of extraordinary. The latest wave of regional integration, however, is “breeding concern” among academics and policymakers as to the extra‐regional effects of these agreements and their...
Persistent link: https://www.econbiz.de/10008530399
Recent empirical studies have estimated the trade flow effect of membership in the World Trade Organization (WTO) and its predecessor, the General Agreement on Tariffs and Trade (GATT). One important, although largely untested, conclusion from this literature is that the GATT/WTO has worked well...
Persistent link: https://www.econbiz.de/10008550331
As markets become globalized, food safety policy and international trade policy are increasingly intertwined. Globalization also means that food safety incidents are widely reported internationally. One result is that food safety incidents can negatively impact products where no food safety...
Persistent link: https://www.econbiz.de/10004989014
The Food Safety Modernization Act (FSMA) which was signed into law in January, 2011 represents a major initiative to improve food safety in the US. The legislation mandates the US Food and Drug Administration with developing a regulatory system to implement the Act. As yet, the full effect of...
Persistent link: https://www.econbiz.de/10009351568
Most observers agree that the major areas where gains can be made in CETA are in the services sector and selected areas of manufacturing. It seems unlikely that CETA will be as all encompassing as the NAFTA with only a few agricultural products excluded from full tariff elimination. Still, it...
Persistent link: https://www.econbiz.de/10008693731
Since the inception of supply management in Canada during the 1970s, milk production quota has been used to regulate output and participation in the dairy industry. In recent years, milk quota values have increased dramatically, almost tripling in value since the mid-1980s. This led to the Dairy...
Persistent link: https://www.econbiz.de/10008489855
Persistent link: https://www.econbiz.de/10008491770
Food safety regulations limit trade in bioproducts. Every country, however, has a duty to protect its citizens from food safety hazards. If risks are increasing under an existing food safety system then a strengthening of the regulatory regime can be justified, with the inevitable negative...
Persistent link: https://www.econbiz.de/10010909665