Agriculture in the Transatlantic Trade and Investment Partnership: Tariffs, Tariff-Rate Quotas, and Non-Tariff Measures
by Jayson Beckman
, Shawn Arita
, Lorraine Mitchell
, and Mary E. Burfisher
Economic Research Report No. (ERR-198) 54 pp, November 2015
This study assesses the potential effects of the U.S.-EU Transatlantic Trade and Investment Partnership on agriculture under three broad scenarios: complete removal of tariffs and tariff-rate quotas; elimination of non-tariff measures along with tariffs and tariff-rate quotas; and a lowering of the willingness of consumers to purchase imported goods previously limited by non-tariff measures.
Keywords: Agricultural trade, trade agreement, Transatlantic Trade and Investment Partnership, T-TIP, computable general equilibrium (CGE) model, non-tariff measures (NTMs), gravity model, United States, European Union, tariff rate quotas (TRQs)
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