Trade policy has been one of the most important issues in agricultural economics for more than 200 years. Our focus here is on evaluating relatively recent contributions to the understanding of agricultural trade policy and trade agreements. We present some background concerning trade policies...

In their attempt to maximise trade benefits, agricultural trade negotiators must allocate scarce resources and consider trade-offs across issues such as liberalising foreign border measures or reducing foreign domestic subsidies. Analysis and examples support the notion that more liberalisation...