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Preferential sugar imports of the EU

(2011) INTERNATIONAL SUGAR JOURNAL. 113(1346). p.93-101
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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.
Keywords
LDC, partial equilibrium model, ACP, EU, trade, preferential imports

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Citation

Please use this url to cite or link to this publication:

MLA
Nolte, Stephan, et al. “Preferential Sugar Imports of the EU.” INTERNATIONAL SUGAR JOURNAL, vol. 113, no. 1346, 2011, pp. 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.
Chicago author-date
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.
Chicago author-date (all authors)
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.
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.
IEEE
[1]
S. Nolte, J. Buysse, B. Van der Straeten, D. Claeys, L. Lauwers, and G. Van Huylenbroeck, “Preferential sugar imports of the EU,” INTERNATIONAL SUGAR JOURNAL, vol. 113, no. 1346, pp. 93–101, 2011.
@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 €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.}},
  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}},
  keywords     = {{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}},
}

Web of Science
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