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Preferential sugar imports of the EU

Stephan Nolte UGent, Jeroen Buysse UGent, Bart Van der Straeten UGent, Dakerlia Claeys, Ludwig Lauwers UGent and Guido Van Huylenbroeck UGent (2011) INTERNATIONAL SUGAR JOURNAL. 113(1346). p.93-101
abstract
We use a spatial price equilibrium model to simulate preferential imports of the EU in 2019/20. A number of investment projects in beneficiary countries of the preferential schemes are underway. We analyze the effects of the increased production level of LDC (Least Developed Countries) and ACP (Africa, Caribbean and Pacific) countries induced by these projects on total imports of the EU and on imports from individual countries. We find that aggregate imports do not change significantly, but individual trade flows do. Due to the abolition of quota restriction for LDC and ACP countries, the internal price of the EU is showing a strong co-movement with the world market price in the simulations. The world market price is also found to have a crucial effect on the level of preferential imports and production in the EU. Above a world market price of €300 (London), all EU countries fill their production quota and total imports are about 3.1 million t. Below €300, it becomes increasingly interesting for preferential trading partners to export to the EU, where their exports displace inefficient EU producers. At a world market price below €200, the EU would have to apply additional policies in order to keep the internal price above the reference price.
Please use this url to cite or link to this publication:
author
organization
year
type
journalArticle (original)
publication status
published
subject
keyword
LDC, partial equilibrium model, ACP, EU, trade, preferential imports
journal title
INTERNATIONAL SUGAR JOURNAL
Int. Sugar J.
volume
113
issue
1346
pages
93 - 101
Web of Science type
Article
Web of Science id
000288883200030
JCR category
AGRONOMY
JCR impact factor
0.138 (2011)
JCR rank
74/79 (2011)
JCR quartile
4 (2011)
ISSN
0020-8841
project
Biotechnology for a sustainable economy (Bio-Economy)
language
English
UGent publication?
yes
classification
A1
copyright statement
I have transferred the copyright for this publication to the publisher
id
1214906
handle
http://hdl.handle.net/1854/LU-1214906
date created
2011-04-29 14:27:38
date last changed
2013-02-27 09:39:39
@article{1214906,
  abstract     = {We use a spatial price equilibrium model to simulate preferential imports of the EU in 2019/20. A number of investment projects in beneficiary countries of the preferential schemes are underway. We analyze the effects of the increased production level of LDC (Least Developed Countries) and ACP (Africa, Caribbean and Pacific) countries induced by these projects on total imports of the EU and on imports from individual countries. We find that aggregate imports do not change significantly, but individual trade flows do. Due to the abolition of quota restriction for LDC and ACP countries, the internal price of the EU is showing a strong co-movement with the world market price in the simulations. The world market price is also found to have a crucial effect on the level of preferential imports and production in the EU. Above a world market price of {\texteuro}300 (London), all EU countries fill their production quota and total imports are about 3.1 million t. Below {\texteuro}300, it becomes increasingly interesting for preferential trading partners to export to the EU, where their exports displace inefficient EU producers. At a world market price below {\texteuro}200, the EU would have to apply additional policies in order to keep the internal price above the reference price.},
  author       = {Nolte, Stephan and Buysse, Jeroen and Van der Straeten, Bart and Claeys, Dakerlia and Lauwers, Ludwig and Van Huylenbroeck, Guido},
  issn         = {0020-8841},
  journal      = {INTERNATIONAL SUGAR JOURNAL},
  keyword      = {LDC,partial equilibrium model,ACP,EU,trade,preferential imports},
  language     = {eng},
  number       = {1346},
  pages        = {93--101},
  title        = {Preferential sugar imports of the EU},
  volume       = {113},
  year         = {2011},
}

Chicago
Nolte, Stephan, Jeroen Buysse, Bart Van der Straeten, Dakerlia Claeys, Ludwig Lauwers, and Guido Van Huylenbroeck. 2011. “Preferential Sugar Imports of the EU.” International Sugar Journal 113 (1346): 93–101.
APA
Nolte, S., Buysse, J., Van der Straeten, B., Claeys, D., Lauwers, L., & Van Huylenbroeck, G. (2011). Preferential sugar imports of the EU. INTERNATIONAL SUGAR JOURNAL, 113(1346), 93–101.
Vancouver
1.
Nolte S, Buysse J, Van der Straeten B, Claeys D, Lauwers L, Van Huylenbroeck G. Preferential sugar imports of the EU. INTERNATIONAL SUGAR JOURNAL. 2011;113(1346):93–101.
MLA
Nolte, Stephan, Jeroen Buysse, Bart Van der Straeten, et al. “Preferential Sugar Imports of the EU.” INTERNATIONAL SUGAR JOURNAL 113.1346 (2011): 93–101. Print.