THE U.S. SUGAR INDUSTRY UNDER EU AND DOHA TRADE LIBERALIZATION
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This study evaluates potential reforms of the EU and some liberalization policies under the Doha agenda proposal. Results indicate that EU sugar policy reforms will increase the Caribbean sugar price from 8.7 to 9.96 cents, but will not affect the U.S. sugar industry. If the world sugar industry is liberalized on the basis of the WTO-Doha framework proposal, U.S. sugar imports will increase to 1.9 million tons and wholesale price will decrease from 24.89 to 23.79 cents per pound. Under this scenario, it is also expected that the Caribbean price will increase from 8.7 to 12.1 cents per pound. Brazil will benefit the most as production and export sales increase.