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Mattson, Jeremy W.; Koo, Won W.. |
The U.S. agricultural trade surplus has fallen from $26.9 billion in 1996 to $7.3 billion in 2004, and it is shrinking even further in 2005. The objective of this paper is to examine the characteristics of the decreasing agricultural trade surplus and determine the factors causing this decline. U.S. imports from Canada and Mexico have more than doubled under NAFTA, and imports from non-NAFTA countries have also increased considerably. Most increases in imports are consumer-ready and horticultural products. U.S. exports to Canada and Mexico have also been increasing steadily, but exports to other important markets have been stagnant or declining. Much of the declining trade surplus can be accounted for by trade with the European Union. Results from an... |
Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural trade balance; Free trade agreements; Consumer-oriented products; International Relations/Trade. |
Ano: 2005 |
URL: http://purl.umn.edu/23503 |
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