Agricultural Economics Department
Date of this Version
3-16-2016
Citation
Cornhusker Economics, March 16, 2016, agecon.unl.edu/cornhuskereconomics
Abstract
International trade is important for Nebraska and U.S. agriculture. Export sales account for about 27% of gross farm receipts in Nebraska, 32% for the United States as a whole. Consumers also benefit from agricultural trade which assures a steady supply of consumer goods ranging from tropical fruits to chocolate, coffee, and other goods that have become essential elements in consumer food baskets. Beginning in the 1990s, serious efforts to lower barriers to agricultural trade have been undertaken by parties to the World Trade Organization (WTO) as well as through regional trade agreements such as NAFTA. While substantial progress on agricultural trade liberalization has been made, there are still many trade barriers that impede international flows of food and agricultural goods.
Comments
Copyright 2016 University of Nebraska.