The Impact of an EU-US Transatlantic Trade and Investment Partnership Agreement on Biofuel and Feedstock Markets

Autor: Jean-Christophe Bureau, Alexandre Gohin, John C. Beghin
Přispěvatelé: Iowa State University (ISU), Economie Publique (ECO-PUB), Institut National de la Recherche Agronomique (INRA)-AgroParisTech, Structures et Marché Agricoles, Ressources et Territoires (SMART-LERECO), Institut National de la Recherche Agronomique (INRA)-AGROCAMPUS OUEST, Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement (Institut Agro)-Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement (Institut Agro), AgroParisTech-Institut National de la Recherche Agronomique (INRA), Structures et Marché Agricoles, Ressources et Territoires (SMART), AGROCAMPUS OUEST-Institut National de la Recherche Agronomique (INRA)
Jazyk: angličtina
Rok vydání: 2017
Předmět:
Transatlantic Trade and Investment Partnership
Economics and Econometrics
biofuel
ethanol
biodiesel
sugar
TTIP
bilateral trade agreement
nontariff measure
[SDV]Life Sciences [q-bio]
protectionnisme
Tariff
éthanol
International trade
7. Clean energy
non-tariff measure
0502 economics and business
jel:Q42
Economics
media_common.cataloged_instance
Agricultural policy
jel:Q48
050207 economics
European union
Free trade
media_common
2. Zero hunger
Commercial policy
protectionism
business.industry
05 social sciences
Investment (macroeconomics)
jel:F13
Agricultural and Biological Sciences (miscellaneous)
ethyl alcohol
Bilateral trade
sucre
biocarburant
8. Economic growth
050202 agricultural economics & policy
business
accord commercial régional
F13
Q17
Q42
Q48 [TTIP
bilateral trade agreement
biofuel
ethanol
biodiesel
sugar
nontariff measure JEL Codes]
jel:Q17
Zdroj: Journal of Agricultural Economics
Journal of Agricultural Economics, Wiley, 2017, 68 (2), pp.321-344. ⟨10.1111/1477-9552.12200⟩
ISSN: 0021-857X
1477-9552
DOI: 10.1111/1477-9552.12200⟩
Popis: We assess the impact of a potential TTIP bilateral free trade agreement on the EU and US bio-economies (feedstock, biofuels, by-products, and related competing crops) and major trade partners in these markets. The analysis develops a multi-market model that incorporates bilateral trade flows (US to EU, EU to US, and similarly with third countries) and is calibrated to the OECD-FAO baseline for 2013–2022 to account for recent policy decisions. The major policy reforms from a TTIP involve tariff and TRQ liberalisation and their direct contractionary impact on US sugar supply, EU biofuel production, and indirect negative effect on US high fructose corn syrup (HFCS) production. EU sugar and isoglucose production expand along with US ethanol and biodiesel and oilseed crushing. EU sugar would flow to the US, US biofuels and vegetable oil to the EU. We further quantify non-tariff measures (NTM) affecting these trade flows between the EU and the US. EU oilseed production contracts, and EU crushing expands with improving crushing margins following reduced NTM frictions. Our analysis reveals limited net welfare gains with most net benefits reaped by Brazil and not the two trading partners of the TTIP.; Ce travail utilise une modélisation multi-marché afin d'estimer l'impact d'un éventuel accord commercial entre l'Union européenne et les Etats-Unis sur les marchés des grandes productions agricoles. Une originalité est de mettre au centre de ces marchés les liens qui existent entre les débouchés alimentaires et énergétiques (biocarburants) qui jouent un rôle très important dans les conséquences d'un tel accord.
Databáze: OpenAIRE
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