Agriculture in the Transatlantic Trade and Investment Partnership: Tariffs, Tariff-Rate Quotas, and Non-Tariff Measures

by Shawn Arita, Lorraine Mitchell, Mary E. Burfisher, and Jayson Beckman

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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