Abstract
As was seen in the previous chapter, agriculture is still of particular significance to the EU, as it is the major importer and the second largest exporter of food products in the world. Consequently, the EU is a very prominent and vocal member of what is today known as the World Trade Organization (WTO). Successful rounds of multilateral trade negotiations in the past have led to a decrease in the level of protection facing developing as well as developed countries. The situation of the agricultural sector, where protection in the developed countries grew enormously in relative terms until the mid-1980s, is generally in contrast with a background of falling tariffs experienced in the manu-facturing sector. Indeed, average tariff levels on manufacturing products have decreased from 40 to 50 per cent of the import value in 1950 to an average of 3.9 per cent in the 1990s. Thanks to the last round of multi-lateral negotiations, the Uruguay Round (UR), average tariffs on fish products declined by more than a quarter (Senti and Conlan, 1998).
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© 2003 Bernadette Andreosso-O’Callaghan
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Andreosso-O’Callaghan, B. (2003). Agricultural Trade Liberalization. In: The Economics of European Agriculture. Palgrave Macmillan, London. https://doi.org/10.1057/9780230001176_9
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DOI: https://doi.org/10.1057/9780230001176_9
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