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Article
Publication date: 21 June 2011

Uttam Deb and Muhammad Al Amin

The purpose of this paper is to quantify the potential impact of the latest World Trade Organization (WTO) agricultural draft modalities circulated on December 2008 on the economy…

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Abstract

Purpose

The purpose of this paper is to quantify the potential impact of the latest World Trade Organization (WTO) agricultural draft modalities circulated on December 2008 on the economy of Bangladesh.

Design/methodology/approach

The study conducted simulation exercise using partial equilibrium model – Agricultural Trade Policy Simulation Model – to estimate the likely impact of the Doha round negotiation on Bangladesh agriculture.

Findings

One of the major findings of the study is that the world prices of agricultural commodities are likely to increase by 5 per cent if proposed modalities are implemented. The estimated results reveal that Bangladesh is likely to lose a considerable amount of economic welfare. This is due to a larger amount of loss (consumer surplus and government revenue) compared with a smaller amount of (producer surplus) gain. However, the study estimates that aggregate production of agricultural commodities, and production and export of most of the agricultural commodities will increase. On the other hand, import of agricultural commodities will decrease.

Practical implications

The study puts forward a number of suggestions with regard to Bangladesh's negotiating strategy for advancing its interests in the ongoing WTO negotiations on agriculture.

Originality/value

This study is the first ever attempt that has identified a number of negotiation strategies for Bangladesh using partial equilibrium modelling technique with respect to the latest WTO agricultural draft modalities.

Details

Journal of International Trade Law and Policy, vol. 10 no. 2
Type: Research Article
ISSN: 1477-0024

Keywords

Available. Content available
Article
Publication date: 22 March 2013

75

Abstract

Details

Journal of International Trade Law and Policy, vol. 12 no. 1
Type: Research Article
ISSN: 1477-0024

Keywords

Available. Open Access. Open Access

Abstract

Details

Journal of Intelligent Manufacturing and Special Equipment, vol. 4 no. 1
Type: Research Article
ISSN: 2633-6596

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