World Agricultural Trade

With the signing of the GATT agreement in 1995, the wheat trade was expected to enter into a period of liberalized markets. But has this agreement really changed the face of the world agricultural trade? This book explores the new world trade environment and the implications of the current adjustments for Turkey and countries like it. Contributors examine the GATT agreement on agriculture to show how it failed to move the wheat trade into a free market environment. Most countries have retained vestiges of the interventionist policies of the past; many still tax or subsidize their wheat producers. By looking at the history of trade barriers, the changing role of trade institutions, and the impacts of the GATT agreement worldwide, World Agricultural Trade shows that much remains to be done in terms of policy change before the wheat trade can claim to operate in a free trade environment.