Rude CGC WTO

Information about Rude CGC WTO

Published on May 8, 2008

Author: Hillary

Source: authorstream.com

Content

WTO Negotiations: Drivers for Change in Canada’s Grain Industry:  WTO Negotiations: Drivers for Change in Canada’s Grain Industry Canada Grains Council Annual Meeting April 12, 2005 Winnipeg, Manitoba, Canada James Rude Slide2:  Setting the Context Doha Developmental Agenda (DDA) is the 9th Round of multilateral trade negotiations through the WTO/GATT Over the course of these negotiations a number of deadlines have been missed July 2004 Framework Agreement sets out the general outline that will be used to complete the negotiations Currently negotiators are attempting to reach a consensus on a draft text of modalities by the December 2005 Hong Kong Ministerial meeting Probably the final effective date for an agreement is in 2007 when the US President’s trade negotiating authority expires Basic Elements of July Framework Agreement:  Basic Elements of July Framework Agreement Elimination of export subsidies by an end date yet to be negotiated Direct and some indirect subsidies (credit, food aid, STEs) Most detailed of the disciplines Harmonization formulas to be used to reduce domestic support and tariffs Depths of cuts are yet to be determined, but higher levels of protection are to be reduced by more than lower levels Domestic support will be subject to some new disciplines The objective for negotiating market access is substantial improvement, but negotiators are more concerned with maintaining protection than creating opportunities for healthy competition Export Competition :  Export Competition Direct export subsidies to be eliminated by an unspecified date Elimination may not occur until 2015-2017 EU has 91% of remaining direct export subsidies What is the probability that EU cereals intervention price is less than US Gulf price of SRW wheat? 15-30% Empirical estimates show small impacts for cereals Disciplines on export credit programs Elimination of credit programs over 6 months Minimum benchmarks for interest rates, insurance premiums, cash payments  premiums biggest problem for CWB US accounts for 46% government supported credit and it accounts for 88% of subsidy element of these programs (OECD 2001) …modest improvement in traded prices Export Competition - STEs :  Export Competition - STEs Disciplines for exporting STEs eliminate government guaranteed borrowing and underwriting of losses Government guarantees for CWB: 1) initial payments; 2)borrowing; and 3) credit sales What is the impact for single desk selling, price pooling, and initial payments? Since the CWB has few assets loss of government guarantee will increase borrowing costs In 2003 CWB borrowing $6.4 billion, but only $558 million was for operating expenses and new credit Is it possible to establish a contingency fund to backstop initial payment? Move old re-scheduled debt to Federal books Provide capital infusion to CWB Adopt AWB model Slide6:  Export Competition: STE Monopoly Status Future right to single desk selling is to be negotiated Banning single desks for exporting STEs creates an anomaly in the WTO’s disciplines on STEs Should exporter STEs be disciplined differently form importer STEs? Should agricultural STEs be disciplined differently than non-agricultural STEs? There are no strictures on monopoly status: Developing country agricultural exporting STEs All agricultural importing STEs All non-ag STEs More likely that this issue will be used as a negotiating chip to seek concessions elsewhere Framework Agreement on Domestic Support :  Framework Agreement on Domestic Support Addresses total support (amber box plus blue box plus de minimis) 20%cut in first year Harmonization formula (bigger cuts for higher levels of domestic support relative to total production) Blue box redefined and capped at 5% total production Total AMS subject to cuts with a tiered formula bigger cuts for countries with higher levels of domestic support relative to total production Caps on product specific support; no commitment for product specific reductions Green box is to be reviewed and clarified Bottom line is that domestic support in US and EU is unlikely to face effective binding reduction commitments Market Access :  Market Access Agreement calls for substantial improvement in market access reduce average tariff level reduce tariff dispersion and escalation (harmonization) Framework Agreement introduces three new types of agricultural products Normal products: cut highest tariffs more than lower tariffs Sensitive Products: less aggressive tariff cuts but a combination of tariff cuts and quota expansion (the smaller the tariff cut the bigger the quota expansion Special products: developing countries nominate product lines than are offered even greater flexibility in terms of tariff liberalization Again the impact on Canada’s grain sector will likely be limited

Related presentations


Other presentations created by Hillary

Table Etiquette
11. 01. 2008
0 views

Table Etiquette

Zylbersztajn
07. 05. 2008
0 views

Zylbersztajn

Hsu
02. 05. 2008
0 views

Hsu

20070105
02. 05. 2008
0 views

20070105

Xiaobin Huang Monday
24. 04. 2008
0 views

Xiaobin Huang Monday

1 active learning e
22. 04. 2008
0 views

1 active learning e

ganotis
22. 04. 2008
0 views

ganotis

Stretching and Strengthening
17. 04. 2008
0 views

Stretching and Strengthening

Roaring20s
15. 04. 2008
0 views

Roaring20s

ww2
14. 04. 2008
0 views

ww2

OB ch03 Values Attitudes Job Sat
17. 01. 2008
0 views

OB ch03 Values Attitudes Job Sat

London
07. 02. 2008
0 views

London

Postmorbid Condition
18. 02. 2008
0 views

Postmorbid Condition

CSP2005
09. 01. 2008
0 views

CSP2005

Nuclear Weapon Pres km
11. 01. 2008
0 views

Nuclear Weapon Pres km

lect 12 Met Rx2 hydro
14. 01. 2008
0 views

lect 12 Met Rx2 hydro

Midwestern LDS Conf Text Only
16. 01. 2008
0 views

Midwestern LDS Conf Text Only

EPA Region 8 Oil Pgm 22 07
16. 01. 2008
0 views

EPA Region 8 Oil Pgm 22 07

002
17. 01. 2008
0 views

002

sbe
22. 01. 2008
0 views

sbe

stewart 215
22. 01. 2008
0 views

stewart 215

Native American Review
23. 01. 2008
0 views

Native American Review

slidep34
23. 01. 2008
0 views

slidep34

AM2 zhao xinhua EN
24. 01. 2008
0 views

AM2 zhao xinhua EN

winehelppart4
04. 02. 2008
0 views

winehelppart4

slutkonferens
08. 02. 2008
0 views

slutkonferens

Intro Geotech 05
12. 02. 2008
0 views

Intro Geotech 05

Topic and Key Numbers Research
11. 01. 2008
0 views

Topic and Key Numbers Research

Good Design
31. 01. 2008
0 views

Good Design

Bodreau DEP Env Protection
20. 02. 2008
0 views

Bodreau DEP Env Protection

chap17 07
25. 02. 2008
0 views

chap17 07

astronomersWholePres entation
03. 03. 2008
0 views

astronomersWholePres entation

Thesis Presentation Claudia
07. 03. 2008
0 views

Thesis Presentation Claudia

AG1303
10. 03. 2008
0 views

AG1303

MEIProgressPres0802
10. 01. 2008
0 views

MEIProgressPres0802

ecolabel
08. 04. 2008
0 views

ecolabel

Hunt Presentation Ch 6 10
25. 01. 2008
0 views

Hunt Presentation Ch 6 10

IATC presentation
10. 04. 2008
0 views

IATC presentation

Speech Times of Change
12. 01. 2008
0 views

Speech Times of Change

undp presentation revised 17 may
07. 04. 2008
0 views

undp presentation revised 17 may

Amakiri NDES
09. 01. 2008
0 views

Amakiri NDES

kw1
15. 01. 2008
0 views

kw1

Level5 Unit2 Lesson1 Galileo
09. 01. 2008
0 views

Level5 Unit2 Lesson1 Galileo

Industriakademin 2005 10 27
06. 02. 2008
0 views

Industriakademin 2005 10 27

XM IIR Miami 1 05
13. 02. 2008
0 views

XM IIR Miami 1 05

2007 English lores
13. 02. 2008
0 views

2007 English lores

prospecting and leadership
28. 01. 2008
0 views

prospecting and leadership

laj acc presentation 5 12 04
10. 01. 2008
0 views

laj acc presentation 5 12 04