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Trade Policy Analysis
Another Look at the Central American Free Trade Agreement PDF Print E-mail
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Posted by Ross Korves   
Wednesday, 01 December 2004
While the Congressional debate on the Central American Free Trade Agreement (Cafta) is at least a couple of months away, editorials and commentaries are popping up all over. Sugar trade is at the heart of many of the writings, but there is broad interest across the U.S. economy. The six countries of the agreement have 43 million people, are closer geographically to the United States than many other trading partners and have roughly the same amount of trade with the United States as Australia. They are ripe for more integration with the U.S. economy at a time when cross-border economic integration is increasingly the norm throughout the world.

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U.S. Agricultural Imports PDF Print E-mail
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Posted by Ross Korves   
Tuesday, 23 November 2004
USDA recently forecasted that in fiscal year (FY) 2005 (October 2004 to September 2005) U.S. agricultural imports will equal exports for the first time since the late 1950s. The fact that total imports will be $56 billion tells nothing about what is imported, the competition provided to U.S. farmers and ranchers and the benefit to consumers. A look at actual imports for 2002 to 2004 provides some details. One way to categorize imports is by non-competing agricultural products (products with no or limited production in the U.S.), fresh fruits and vegetables, and competing products. These categories are not perfect, but the breakdown provides a good overview.

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China, Brazil & India in Agricultural Trade Policy PDF Print E-mail
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Posted by Ross Korves   
Wednesday, 17 November 2004
The final agreement in the current WTO trade negotiations will be shaped, in part, by the agricultural trade policy concerns of China, Brazil and India as well as U.S., EU and Japanese responses to their concerns. These three countries are major food producers and are considered developing countries based on measures of income per capita. They have major urban centers that are economically and culturally developed, while also having rural areas that are much less developed. Despite good economic growth over the last 10 years, significant problems with poverty remain in all three countries.

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NAFTA Plus PDF Print E-mail
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Posted by Ross Korves   
Wednesday, 10 November 2004
On a recent visit to Canada to promote trade and investment, Mexican President Vicente Fox talked about transforming North America into a “region of co-operation and integration.” The now 10-year old North American Free Trade Agreement (NAFTA) was the formal government response to a process of integration that began 300 years ago as European settlers brought increased economic activity to the North American continent. Going beyond the current NAFTA structure will require a change in strategic thinking and a melding of disparate economic policies.

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The Changing Balance of U.S. Agricultural Trade PDF Print E-mail
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Posted by Ross Korves   
Wednesday, 03 November 2004
A positive balance of international trade for U.S. agriculture has been the normal situation for over 40 years. That positive balance has dwindled over the past 10 years, and some analysts have projected that it will go negative within a couple of years. The last trade deficit for agriculture was in 1959. This is not a sign that U.S. agriculture has become uncompetitive in world markets, but an indication that freer trade has provided an opportunity for consumers to choose from a wider variety of food products.

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Biotech crops are sprouting up around the globe. The one billion acre milestone for biotech crops planted and harvested has been exceeded. Watch as we meet and pass the two billion mark as well.
Planted:

Harvested:

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