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Comparative Analysis of Bilateral and Multilateral Tariff Liberalization in the Milk Sector

This study explores the implications of bilateral versus multilateral tariff liberalization on the milk industry, analyzing both volume and percentage changes. It delves into how each approach affects trade dynamics and welfare outcomes within the sector. By decomposing welfare effects, the research provides insights into the efficiency and equity of tariff liberalization strategies, offering valuable guidance for policymakers and stakeholders in the agricultural trade landscape.

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Comparative Analysis of Bilateral and Multilateral Tariff Liberalization in the Milk Sector

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