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| Nelson, Gerald C.; Lee, Yong-Kee. |
| South Korea uses a quota and a tariff on beef imports to keep farm prices high. Part of the quota rents are used to support indirect benefits to producers. The welfare costs of these policies are analyzed. Following a suggestion of Hayami, a deficiency payment financed by tariff revenues from increased imports is considered as an alternative to the quota. As Anderson (1983) found for Japan, a deficiency payment is Pareto-superior only if indirect benefits from the quota revenue are ignored. |
| Tipo: Journal Article |
Palavras-chave: International Relations/Trade. |
| Ano: 1991 |
URL: http://purl.umn.edu/32622 |
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| Lee, Yong-Kee; Song, Joo Ho. |
| The purpose of this paper is to seek a breakthrough for the Korea-EU FTA negotiation in agriculture which started last year, but has not made much progress yet. The EU has been asking Korea to open its agricultural market to the same extent that was agreed upon in Korea’s free trade agreement with the U.S. while the Korean government firmly opposes the EU’s request, saying that FTA negotiations differ from multilateral trade talks as in the WTO. An examination of agricultural trade among Korea, the EU, and the U.S. shows that there may be many niche markets of which the EU can take advantage over other agricultural exporting countries including the U.S. Also, it is expected that the EU could gain much from its agricultural trade with Korea through an FTA,... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Korea-EU FTA; Agricultural Trade; Trade Diversion Effects; International Relations/Trade. |
| Ano: 2008 |
URL: http://purl.umn.edu/44207 |
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