Agriculture and the Global Trade Agenda

International trade in agricultural commodities is a relatively small component of total trade in goods and services, but it accounts for a disproportionate share of time and effort in trade negotiations and is the topic of many of the most contentious trade disputes. The reasons for this imbalance are many, but they fall into three broad categories: the sensitivity of governments to issues that impinge on their ability to secure food supplies for their populations; the significance of agricultural exports for rural development and economic progress more generally; and the growing trade in food products associated with the rapid globalization […]