Impacts of WTO restrictions on subsidized EU sugar exports
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The study evaluates the impact of World Trade Organization (WTO) restrictions on the European Union (EU) sugar sector
and the world sugar market. A small reduction in production quotas would be sufficient to satisfy the export subsidy limitations
of the Uruguay Round agreement. Complete elimination of export subsidies by 2005 would require either a 10% reduction
in production quotas or the combination of an 8% reduction in quotas and an 11% reduction in intervention prices. Higher
world prices resulting from reduced EU exports would result in increased production of unsubsidized C-sugar, with different
impacts across EU member countries explained by differences in institutional pricing arrangements and marginal production
costs. © 2000 Elsevier Science B.V. All rights reserved.