Influence of Trade Agreements in Global Agricultural Markets

Regional and bilateral free trade agreements (FTAs) have taken on greater significance amidst an evolving international trading environment. Member countries in FTAs agree to eliminate trade barriers on all or most goods and services traded among them. Uncertainties associated with global negotiations under the World Trade Organization (WTO) Doha Development Agenda, along with other factors, have contributed to an upsurge in bilateral and regional trade agreements. This book examines the possible impacts on U.S. agricultural trade of two recently implemented FTAs in which the United States is not a partner; the FTAs between the ASEAN countries and China and between the ASEAN countries and Australia/New Zealand. Also discussed is the potential effects on U.S. agricultural exporters of pending bilateral TAs between the United States and Korea, Colombia, and Panama.