Understanding Agricultural Price Range Systems as Trade Restraints: Peru–Agricultural Products
An agricultural price range system (PRS) aims to stabilize local prices in an open economy via the use of import duties that vary with international prices. The policy is inherently distortionary and welfare-reducing for a small open economy, at least according to the canonical economic model. We of...
Gespeichert in:
| Veröffentlicht in: | World trade review 2016-04, Vol.15 (2), p.259-286 |
|---|---|
| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 286 |
|---|---|
| container_issue | 2 |
| container_start_page | 259 |
| container_title | World trade review |
| container_volume | 15 |
| creator | SAGGI, KAMAL WU, MARK |
| description | An agricultural price range system (PRS) aims to stabilize local prices in an open economy via the use of import duties that vary with international prices. The policy is inherently distortionary and welfare-reducing for a small open economy, at least according to the canonical economic model. We offer an explanation for why a government concerned with national welfare may nevertheless implement such a policy when faced with risk aversion and imperfect insurance markets. We also highlight open questions arising out of the Peru–Agricultural Products dispute for the WTO's Appellate Body to address in order to clarify how a PRS consistent with WTO rules could be designed. Finally, we discuss the possibility that a WTO member might resort to a free trade agreement (FTA) to preserve its flexibility to implement a PRS and how an FTA provision of this sort ought to be treated in WTO litigation. |
| doi_str_mv | 10.1017/S1474745615000750 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cambr</sourceid><recordid>TN_cdi_proquest_journals_1769824373</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><cupid>10_1017_S1474745615000750</cupid><informt_id>10.3316/agispt.20190724014402</informt_id><sourcerecordid>3968976171</sourcerecordid><originalsourceid>FETCH-LOGICAL-c735t-69e28a5198610078389b2c30e19e9e5f7c8eac2693c6bbff0f2a44b2d906c27d3</originalsourceid><addsrcrecordid>eNp1UM1KAzEYDKJgrT6AtwXPq_nbZOOtFLVCwWLbc8xms2tKu1uT7KE338E39ElMfwRRJId8zDcz3zAAXCJ4jSDiN1NEeXwZQxmEkGfwCPQilKUEkfx4N9N0uz8FZ94vIMQUUt4DL_OmNM4H1ZS2qZNB7azulqFzaplM4mySZ9XUJplufDArnyifzJwqI2x8cMo2wd8mE-O6z_ePX-K27HTw5-CkUktvLg5_H8zv72bDUTp-engcDsap5iQLKRMG5ypDImco5s9JLgqsCTRIGGGyiuvcKI2ZIJoVRVXBCitKC1wKyDTmJemDq73v2rVvXQwnF23nmnhSIs5EjinhJLLQnqVd670zlVw7u1JuIxGU2yLlnyKjZrTXuJUNUtXWr4P0Rjn9Km1TtTu4dbUsW7u1IQSxbxqGSEAeu0aUQhytyOG8WhXOlrX5kfLfAF9VII8X</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1769824373</pqid></control><display><type>article</type><title>Understanding Agricultural Price Range Systems as Trade Restraints: Peru–Agricultural Products</title><source>HeinOnline Law Journal Library</source><source>Cambridge Journals</source><creator>SAGGI, KAMAL ; WU, MARK</creator><creatorcontrib>SAGGI, KAMAL ; WU, MARK</creatorcontrib><description>An agricultural price range system (PRS) aims to stabilize local prices in an open economy via the use of import duties that vary with international prices. The policy is inherently distortionary and welfare-reducing for a small open economy, at least according to the canonical economic model. We offer an explanation for why a government concerned with national welfare may nevertheless implement such a policy when faced with risk aversion and imperfect insurance markets. We also highlight open questions arising out of the Peru–Agricultural Products dispute for the WTO's Appellate Body to address in order to clarify how a PRS consistent with WTO rules could be designed. Finally, we discuss the possibility that a WTO member might resort to a free trade agreement (FTA) to preserve its flexibility to implement a PRS and how an FTA provision of this sort ought to be treated in WTO litigation.</description><identifier>ISSN: 1474-7456</identifier><identifier>EISSN: 1475-3138</identifier><identifier>DOI: 10.1017/S1474745615000750</identifier><language>eng</language><publisher>Cambridge, UK: Cambridge University Press</publisher><subject>Agricultural commodities ; Agricultural prices ; Agriculture ; Case studies ; Commodity prices ; Countervailing duties ; Developing countries ; Disputes ; Free trade ; Imports ; International trade ; LDCs ; Litigation ; Price stabilization ; Produce trade ; Restraint of trade ; Studies ; Tariffs ; Trade agreements ; Trade liberalization ; Trade policy ; World Trade Organization</subject><ispartof>World trade review, 2016-04, Vol.15 (2), p.259-286</ispartof><rights>Copyright © Kamal Saggi and Mark Wu 2016</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c735t-69e28a5198610078389b2c30e19e9e5f7c8eac2693c6bbff0f2a44b2d906c27d3</citedby><cites>FETCH-LOGICAL-c735t-69e28a5198610078389b2c30e19e9e5f7c8eac2693c6bbff0f2a44b2d906c27d3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://www.cambridge.org/core/product/identifier/S1474745615000750/type/journal_article$$EHTML$$P50$$Gcambridge$$H</linktohtml><link.rule.ids>164,314,780,784,27924,27925,55628</link.rule.ids></links><search><creatorcontrib>SAGGI, KAMAL</creatorcontrib><creatorcontrib>WU, MARK</creatorcontrib><title>Understanding Agricultural Price Range Systems as Trade Restraints: Peru–Agricultural Products</title><title>World trade review</title><addtitle>World Trade Review</addtitle><description>An agricultural price range system (PRS) aims to stabilize local prices in an open economy via the use of import duties that vary with international prices. The policy is inherently distortionary and welfare-reducing for a small open economy, at least according to the canonical economic model. We offer an explanation for why a government concerned with national welfare may nevertheless implement such a policy when faced with risk aversion and imperfect insurance markets. We also highlight open questions arising out of the Peru–Agricultural Products dispute for the WTO's Appellate Body to address in order to clarify how a PRS consistent with WTO rules could be designed. Finally, we discuss the possibility that a WTO member might resort to a free trade agreement (FTA) to preserve its flexibility to implement a PRS and how an FTA provision of this sort ought to be treated in WTO litigation.</description><subject>Agricultural commodities</subject><subject>Agricultural prices</subject><subject>Agriculture</subject><subject>Case studies</subject><subject>Commodity prices</subject><subject>Countervailing duties</subject><subject>Developing countries</subject><subject>Disputes</subject><subject>Free trade</subject><subject>Imports</subject><subject>International trade</subject><subject>LDCs</subject><subject>Litigation</subject><subject>Price stabilization</subject><subject>Produce trade</subject><subject>Restraint of trade</subject><subject>Studies</subject><subject>Tariffs</subject><subject>Trade agreements</subject><subject>Trade liberalization</subject><subject>Trade policy</subject><subject>World Trade Organization</subject><issn>1474-7456</issn><issn>1475-3138</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2016</creationdate><recordtype>article</recordtype><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><recordid>eNp1UM1KAzEYDKJgrT6AtwXPq_nbZOOtFLVCwWLbc8xms2tKu1uT7KE338E39ElMfwRRJId8zDcz3zAAXCJ4jSDiN1NEeXwZQxmEkGfwCPQilKUEkfx4N9N0uz8FZ94vIMQUUt4DL_OmNM4H1ZS2qZNB7azulqFzaplM4mySZ9XUJplufDArnyifzJwqI2x8cMo2wd8mE-O6z_ePX-K27HTw5-CkUktvLg5_H8zv72bDUTp-engcDsap5iQLKRMG5ypDImco5s9JLgqsCTRIGGGyiuvcKI2ZIJoVRVXBCitKC1wKyDTmJemDq73v2rVvXQwnF23nmnhSIs5EjinhJLLQnqVd670zlVw7u1JuIxGU2yLlnyKjZrTXuJUNUtXWr4P0Rjn9Km1TtTu4dbUsW7u1IQSxbxqGSEAeu0aUQhytyOG8WhXOlrX5kfLfAF9VII8X</recordid><startdate>20160401</startdate><enddate>20160401</enddate><creator>SAGGI, KAMAL</creator><creator>WU, MARK</creator><general>Cambridge University Press</general><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>8BF</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>AXJJW</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FREBS</scope><scope>FRNLG</scope><scope>F~G</scope><scope>K60</scope><scope>K6~</scope><scope>K8~</scope><scope>L.-</scope><scope>M0C</scope><scope>M0Q</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope></search><sort><creationdate>20160401</creationdate><title>Understanding Agricultural Price Range Systems as Trade Restraints: Peru–Agricultural Products</title><author>SAGGI, KAMAL ; WU, MARK</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c735t-69e28a5198610078389b2c30e19e9e5f7c8eac2693c6bbff0f2a44b2d906c27d3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2016</creationdate><topic>Agricultural commodities</topic><topic>Agricultural prices</topic><topic>Agriculture</topic><topic>Case studies</topic><topic>Commodity prices</topic><topic>Countervailing duties</topic><topic>Developing countries</topic><topic>Disputes</topic><topic>Free trade</topic><topic>Imports</topic><topic>International trade</topic><topic>LDCs</topic><topic>Litigation</topic><topic>Price stabilization</topic><topic>Produce trade</topic><topic>Restraint of trade</topic><topic>Studies</topic><topic>Tariffs</topic><topic>Trade agreements</topic><topic>Trade liberalization</topic><topic>Trade policy</topic><topic>World Trade Organization</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>SAGGI, KAMAL</creatorcontrib><creatorcontrib>WU, MARK</creatorcontrib><collection>CrossRef</collection><collection>ProQuest Central (Corporate)</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>European Business Database (Alumni Edition)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Asian & European Business Collection</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Asian & European Business Collection (Alumni)</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>DELNET Management Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>European Business Database</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central Basic</collection><jtitle>World trade review</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>SAGGI, KAMAL</au><au>WU, MARK</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Understanding Agricultural Price Range Systems as Trade Restraints: Peru–Agricultural Products</atitle><jtitle>World trade review</jtitle><addtitle>World Trade Review</addtitle><date>2016-04-01</date><risdate>2016</risdate><volume>15</volume><issue>2</issue><spage>259</spage><epage>286</epage><pages>259-286</pages><issn>1474-7456</issn><eissn>1475-3138</eissn><abstract>An agricultural price range system (PRS) aims to stabilize local prices in an open economy via the use of import duties that vary with international prices. The policy is inherently distortionary and welfare-reducing for a small open economy, at least according to the canonical economic model. We offer an explanation for why a government concerned with national welfare may nevertheless implement such a policy when faced with risk aversion and imperfect insurance markets. We also highlight open questions arising out of the Peru–Agricultural Products dispute for the WTO's Appellate Body to address in order to clarify how a PRS consistent with WTO rules could be designed. Finally, we discuss the possibility that a WTO member might resort to a free trade agreement (FTA) to preserve its flexibility to implement a PRS and how an FTA provision of this sort ought to be treated in WTO litigation.</abstract><cop>Cambridge, UK</cop><pub>Cambridge University Press</pub><doi>10.1017/S1474745615000750</doi><tpages>28</tpages><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 1474-7456 |
| ispartof | World trade review, 2016-04, Vol.15 (2), p.259-286 |
| issn | 1474-7456 1475-3138 |
| language | eng |
| recordid | cdi_proquest_journals_1769824373 |
| source | HeinOnline Law Journal Library; Cambridge Journals |
| subjects | Agricultural commodities Agricultural prices Agriculture Case studies Commodity prices Countervailing duties Developing countries Disputes Free trade Imports International trade LDCs Litigation Price stabilization Produce trade Restraint of trade Studies Tariffs Trade agreements Trade liberalization Trade policy World Trade Organization |
| title | Understanding Agricultural Price Range Systems as Trade Restraints: Peru–Agricultural Products |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-06T06%3A49%3A59IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cambr&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Understanding%20Agricultural%20Price%20Range%20Systems%20as%20Trade%20Restraints:%20Peru%E2%80%93Agricultural%20Products&rft.jtitle=World%20trade%20review&rft.au=SAGGI,%20KAMAL&rft.date=2016-04-01&rft.volume=15&rft.issue=2&rft.spage=259&rft.epage=286&rft.pages=259-286&rft.issn=1474-7456&rft.eissn=1475-3138&rft_id=info:doi/10.1017/S1474745615000750&rft_dat=%3Cproquest_cambr%3E3968976171%3C/proquest_cambr%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1769824373&rft_id=info:pmid/&rft_cupid=10_1017_S1474745615000750&rft_informt_id=10.3316/agispt.20190724014402&rfr_iscdi=true |