World Perspectives

Cash Distortions; War on Vocabulary; Economic Growth Factors

Cash Distortions The U.S. International Trade Commission ruled today that olive imports from Europe are injuring domestic producers. Antidumping/countervailing duties (AD/CVD) of nearly 35 percent will become applicable on 24 July. The EU worries that the case sets the precedent that the Common Agricultural Policy’s (CAP’s) direct payments, considered Green Box under the WTO, will be categorized as market-distorting. It should be noted that econometric runs find distortions whenever farmers receive a chunk of cash. Separately, the G-33 group of developing nations called on the WTO to move forward on its demand for greater rights to impose barriers against imports (special safeguards provisions).   War on Vocabulary Maj...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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