Essay: Free Trade Agriculture

Pages: 2 (617 words)  ·  Bibliography Sources: 1+  ·  Level: College Senior  ·  Topic: Agriculture  ·  Buy This Paper

Free Trade Agriculture

The issue of agriculture and its free trade attempts has generated a series of divergent opinions around the subject. Some experts consider that free trade in agriculture is a desirable opportunity that would help economies, while other experts state that this would only harm small farmers.

A series of free trade agreements have already been implemented between certain countries. For example, the North American Free Trade Agreement (NAFTA) began in 1994 and was designed in order to remove trade tariff barriers among the United States, Canada, and Mexico. The agreement includes agricultural provisions (USDA, 2008).

The benefits of NAFTA include: it accounted for 55% of the U.S. agricultural export growth, 258,000 U.S. jobs were created, the average annual growth reached $847 million, Canada became the no. 1 U.S. export market, Mexico became the no. 2 U.S. export market, U.S. became the no. 1 export market for Canada and Mexico, exports of food and agricultural products reached record values, producers in these countries benefit from a series of opportunities, agricultural markets in these countries have increased (USDA, 2006).

The effects of agricultural trade liberalization are numerous and diverse. Certain categories of individuals like consumers might receive a series of benefits, while other categories, like small producers, will have to face a series of threats.

Free trade in agriculture would most likely lead to raising economic growth, raise that is estimated at 0.43-0.46% (Fabiosa, 2008). Economic growth will be influenced only in developing and industrialized countries.

Another immediate result of trade liberalization consists in the fact that commodity prices across the world would have to increase by 3-34%. This means that domestic prices would be lower. As a consequence, in low income countries food consumption is likely to increase.

Free trade in agriculture is supported by a number of countries, like Australia, Canada, and the United States… [END OF PREVIEW]

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Free Trade Agriculture.  (2008, December 7).  Retrieved July 19, 2019, from https://www.essaytown.com/subjects/paper/free-trade-agriculture/5346768

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"Free Trade Agriculture."  Essaytown.com.  December 7, 2008.  Accessed July 19, 2019.
https://www.essaytown.com/subjects/paper/free-trade-agriculture/5346768.