Agricultural Trade Under CUSTA

Book excerpt: This book provides a detailed overview of recent and likely future developments in bilateral trade of agricultural commodities between the United States and Canada. Factors affecting trade flows of agricultural commodities are examined and their effects on US agriculture are analysed. In addition, external factors, such as the Uruguay Round Agreement of the General Agreement of Tariffs and Trade (GATT), concluded in 1994, the value of the US dollar against the Canadian currency, and farm subsidies, are discussed. An important secondary goal of this book is to discuss new developments in agribusiness industries in the two countries under CUSTA and implications for trade flows of agricultural commodities and products. Also, concerns are raised about ongoing bilateral trade disputes.