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| Heboyan, Vahe; Ames, Glenn C.W.; Gunter, Lewell F.; Houston, Jack E.. |
| A side agreement to the North American Free Trade Agreement (NAFTA) enables Mexico to ship more duty-free sugar to the United States than under the pre-1994 restrictive country-specific, tariff-rate quota (TRQ) policy. But U.S. and Mexican negotiators disagree over the issue of exactly how much sugar Mexico can actually export to the U.S. under the NAFTA side agreement. Disagreement focuses on which version of the NAFTA side agreement governs this issue. The U.S. argues that a 1993 side letter limits Mexican sugar exports to the U.S. to 250,000 MT. In contrast, Mexico insists it is entitled to ship all of its surplus sugar, currently 600,000 MT, to U.S. Consequently, Mexico has asked for a dispute-settlement panel to resolve the question under NAFTA. Three... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade. |
| Ano: 2001 |
URL: http://purl.umn.edu/16695 |
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| Turner, Steven C.; Heboyan, Vahe. |
| Research on rollover hedging for agricultural commodities has focused on the consequences of using existing contracts to substitute for missing long-term contracts. It appears that some grains are candidates for rollover hedging while livestock is not. Cotton was analyzed to evaluate the effectiveness of rollover hedging from 1982 to 1999. This paper demonstrates that strategic rollover hedging can be used as a substitute for missing long-term futures market and increase expected returns in cotton production. The estimated results reported average returns of 62.22, 65.36, 75.80, 79.09, and 69.14 cents per pound for cash sale, single-year hedge, 5, 2.5, and 1% three-year strategic rollover hedging strategies, respectively. Thus, it appears returns for... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Crop Production/Industries; Marketing; Risk and Uncertainty. |
| Ano: 2001 |
URL: http://purl.umn.edu/16708 |
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| Heboyan, Vahe; Ames, Glenn C.W.; Epperson, James E.. |
| This paper illustrates the economic impact of the U.S. countervailing trade policy because of the European Union's failure to adhere to the dispute panel findings of the World Trade Organization (WTO) in the banana dispute. The United States subsequently imposed prohibitive tariffs (100% ad valorem) on imports of selected EU products as countervailing policy. The estimated loss in consumer surplus for Pecorino cheese was $4.96 million per year as a result of the U.S. retaliatory trade policy. Tariff revenue and deadweight losses were $1.86 and $3.10 million, respectively. Italian producers are expected to lose $8.55 million in revenue due to reduced exports to the United States. Thus, the estimated welfare loss for Italian producers is nearly twice that... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade. |
| Ano: 2000 |
URL: http://purl.umn.edu/16675 |
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| Heboyan, Vahe; Ames, Glenn C.W.; Gunter, Lewell F.; Houston, Jack E.. |
| A side agreement to the North American Free Trade Agreement (NAFTA) enables Mexico to ship more duty-free sugar to the United States than under the pre-1994 restrictive country-specific, tariff-rate quota (TRQ) policy. But U.S. and Mexican negotiators disagree over the issue of exactly how much sugar Mexico can actually export to the U.S. under the NAFTA side agreement. Disagreement focuses on which version of the NAFTA side agreement governs this issue. The U.S. argues that a 1993 side letter limits Mexican sugar exports to the U.S. to 250,000 MT. In contrast, Mexico insists it is entitled to ship all of its surplus sugar, currently 600,000 MT, to U.S. Consequently, Mexico has asked for a dispute-settlement panel to resolve the question under NAFTA. Three... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Relations/Trade. |
| Ano: 2001 |
URL: http://purl.umn.edu/20730 |
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