How significant are export subsidies to agricultural trade? Trade and welfare implications of global reforms

The views expressed in this paper are those of the authors and do not reflect the views of their institution. Copyright 2001 by Aziz Elbehri and Susan Leetmaa. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. The agreement on export competition constitutes a significant achievement of the Uruguay Round finalized in Marrakech in 1994. Under the Uruguay Round Agreement on agriculture (URAA) export subsidies are capped and subject to annual reduction commitments throughout th