1 / 24

International Trade Issues & Texas Agriculture

International Trade Issues & Texas Agriculture. Parr Rosson Professor & Director Center for North American Studies Department of Agricultural Economics Texas A&M University. Trade Issues & Texas Agriculture. WTO Negotiations Complete NAFTA Implementation- 2008 Trade Agreements

erna
Download Presentation

International Trade Issues & Texas Agriculture

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. International Trade Issues & Texas Agriculture Parr Rosson Professor & Director Center for North American Studies Department of Agricultural Economics Texas A&M University

  2. Trade Issues & Texas Agriculture • WTO Negotiations • Complete NAFTA Implementation- 2008 • Trade Agreements • Cuba Export Opportunities • Trade Disruptions

  3. World Population US Census Bureau Billions 8 7.6 ME AFR LA TOTAL NA WE I. ASIA EE/FSU D. ASIA 8 6.5 Ind. + 8%, Dev. + 31% 6 6 4 4 2 2 0 0 1990 2000 2001 2006 F2010 F2015 F2020

  4. World Economic Output $70 NA WE I. ASIA EE/FSU $60 D. ASIA ME AFR CSA $50 $40 $30 $20 $10 $0 1990 2000 2001 F2005 F2010 F2015 F2020 Global Insight, Inc., World Economic Outlook, 2002. GDP, Trillion 1997 Dollars Ind. + 64%, Developing + 140%

  5. U.S. Tariffs, 1789-2004 Percent 70 70 Tariff of Abominations, 1828 Smoot-Hawley Tariff, 1930 60 60 Morrill Act, 1861 50 50 Generalized System of Preferences, 1968 40 40 30 30 WTO, 1995 20 20 Fordney-McCumber Tariff, 1922 10 10 GATT, 1947 0 0 1789 1816 1820 1840 1860 1880 1900 1920 1940 1960 1980 2000 Statistical Abstract of the United States

  6. World Average Agricultural Tariffs, 2002 Percent 140 Region Average 115 World Average 120 85 100 62% 80 55 60 40 30 25 40 10 20 0 Asia United States South America North America European Union Central America Caribbean Islands Source: WTO & ERS/USDA

  7. Since 2000 Exports + 30% Imports + 50%

  8. World Trade Organization Doha Development Agenda (2001-06)? Agreement on Reductions by April 30, 2006 Did Not Happen Draft Schedules Due July 31, 2006? Conclude Negotiations December 31, 2006?? Trade Promotion Authority Expires July 2007

  9. CUSTA, ‘89 Jordan ‘01 Bahrain ‘05 CAFTA-DR ‘05 NAFTA ‘94 Israel ‘85 Morocco ‘04 Thailand ‘06 Panama ‘06 S. Korea MEFTA ‘06 Andean FTA ‘06 FTAA ? Singapore ‘03 Chile ‘04 Southern African Customs Union ‘06 Australia ‘05 U.S. Trade Agreements

  10. Million Dollars

  11. Ag Exports $3,363 million Texas Ag Export Impacts Business Activity ($ M) $6,558 Income ($ M) $2,724 Jobs (#) 88,875

  12. - - - - - - - - - - - Million Dollars - - - - - - - - - - -

  13. Observations • Disparity in Population & Income Growth • Disparity in Use of Trade Barriers • Disparity in Agricultural Trade Growth • China Emerging as Major Market & Economic Force

  14. Observations • Questions About Role & Future Importance of Trade • WTO Agreement Important • Open Markets • Eliminate Export Subsidy Distortions • Minimize Litigation Over Farm Policy • Fruit/Vegetable Issues • Ag Exports Important to Texas Economic Growth, but Concentrated in Certain Regions

  15. Conclusions & Implications • U.S. Market Is Open, Rest of World Is Not • U.S. Export Growth Lags Import Growth • If Trade Growth is Important, Disparities Must Be Addressed • Progress in WTO Important to U.S. & Texas for at Least 2 Reasons: • Markets • Farm Policy

  16. Conclusions & Implications • Absent WTO Progress, Expect More Litigation in WTO Aimed at Farm U.S. Policy • Trade Agreements Likely Important Way to Address Market Access • Trade is Important Growth Component of Texas Economy

  17. Thank You! Parr Rosson Department of Agricultural Economics Texas A&M University College Station, TX 77843-2124 Telephone: 979-845-3070

More Related