Competitiveness in global trade in edible oil
Abstract
Away from classical theories of absolute and relative comparative
advantage, modern agricultural industries are also experiencing a new
paradigm for competitiveness. As producer countries attempt to
appropriate more and more of added values, the framework for
competitiveness shifts to newer grounds more in sync with the
agricultural policies of the developed importing western world.
Interventions through government policies, notwithstanding supposedly
a multilateral trade regime, distort competitiveness in the market place.
This is done by limiting market access through innovative non-tariff
trade barriers and levying discriminatory tariffs mainly to protect and
promote increased growth of domestic industries at the cost of the home
consumers. This paper attempts to overview some of these developments
affecting competitiveness of global trade in edible oils, in particular
with respect to palm oil.
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