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Trade in Agriculture and the Doha Round of Multilateral Trade Negotiations

Trade in Agriculture and the Doha Round of Multilateral Trade Negotiations I. DIMENSIONS OF TRADE IN AGRfCULTURAL PRODUCTS World trade in agricultural and agro-industrial products was US$ 547 billion, or 9.1 per cent of total merchandise trade, in 2001. It increased marginally to US$ 583 billion in 2002, or 9.3 per cent of total merchandise trade. According to the latest available trade statistics, in 2003 the value of world trade in agricultural products was US$ 674 billion, which was 9.2 per cent of total merchandise trade (WTo, 2004c, p. 103, Table Iv.3). Although trade in agricultural products has been increasing in absolute terms, its share of total world trade declined steadily during the 20th century. Up until now, this trend has shown no sign of abating, which is logical and easy to comprehend. As a share of merchandise trade, trade in agricultural products declined from 17 per cent to 10 per cent over the 1980-1997 period. According to 2002 statistics published by the World Trade Organization in 2003, Western Europe was the largest exporter of agricultural products, followed by Asia and North America, in that order. Exports of agricultural products from Western Europe stood at US$ 248.7 billion, which was 42.7 per cent of total agricultural exports. Asian exports http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of World Investment and Trade Brill

Trade in Agriculture and the Doha Round of Multilateral Trade Negotiations

Journal of World Investment and Trade , Volume 6 (2): 32 – Jan 1, 2005

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Publisher
Brill
Copyright
Copyright © Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1660-7112
eISSN
2211-9000
DOI
10.1163/221190005X00109
Publisher site
See Article on Publisher Site

Abstract

I. DIMENSIONS OF TRADE IN AGRfCULTURAL PRODUCTS World trade in agricultural and agro-industrial products was US$ 547 billion, or 9.1 per cent of total merchandise trade, in 2001. It increased marginally to US$ 583 billion in 2002, or 9.3 per cent of total merchandise trade. According to the latest available trade statistics, in 2003 the value of world trade in agricultural products was US$ 674 billion, which was 9.2 per cent of total merchandise trade (WTo, 2004c, p. 103, Table Iv.3). Although trade in agricultural products has been increasing in absolute terms, its share of total world trade declined steadily during the 20th century. Up until now, this trend has shown no sign of abating, which is logical and easy to comprehend. As a share of merchandise trade, trade in agricultural products declined from 17 per cent to 10 per cent over the 1980-1997 period. According to 2002 statistics published by the World Trade Organization in 2003, Western Europe was the largest exporter of agricultural products, followed by Asia and North America, in that order. Exports of agricultural products from Western Europe stood at US$ 248.7 billion, which was 42.7 per cent of total agricultural exports. Asian exports

Journal

Journal of World Investment and TradeBrill

Published: Jan 1, 2005

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