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A tale of two countries: An assessment of the European Union-United States trade relationship in agriculture

Posted on:2008-02-13Degree:M.AType:Thesis
University:The University of North Carolina at Chapel HillCandidate:Ihenetu, Udoaku CamillaFull Text:PDF
GTID:2449390005967732Subject:Economics
Abstract/Summary:
Although it is recognized that agriculture is not the most financially lucrative sector of EU and US economies, it has tremendous importance politically for these nations. But, agriculture is by far one of the most important features of developing countries economies. The US and the EU are two of the most prominent members of the World Trade Organization, and the WTO often relies on them to lead the charge towards open trade. But the inability of the EU and the US to agree on policy in agriculture has made the Doha Round negotiations in agriculture very difficult. This paper aims to show that the EU-US trade relationship in agriculture is equally economic as well as political, and that the fate of these rounds of WTO negotiations and future legislative reform in the US and the EU rely heavily on the EU and US ability to cooperate with each other.
Keywords/Search Tags:Agriculture, Trade
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