The July 2004 WTO Framework Agreement foresees a Special Safeguard Mechanism (SSM), to protect against depressed import prices and import surges for agricultural products, that is available to all developing countries. The SSM would in principle be applicable to all products. However, limits on the number of products for which a country can simultaneously apply additional duty under the SSM could be applied to prevent abuse

This technical note reviews major developments in the international food aid system and different positions on the effectiveness and impact of food aid. It also attempts to clarify the terminology, definitions and concepts used in discussions on food aid, with a view to improving the process of analysis and to help focus the debate under the World Trade Organization's (WTO) Framework Agreement on Agriculture adopted on 1 August 2004, which...

Access for developing country exports to developed country markets on preferential terms has been a long standing component of multilateral trading arrangements. The main purpose of preferences is to promote increases in the volume and value of exports from developing countries, thereby contributing to their growth and development the logic being that through greater volumes of sales, on a more stable basis and at higher prices than would otherwise be...

Subsidies maintain cotton production at otherwise unprofitable levels in industrialized countries Excess supply induced by domestic subsidies has a depressing effect on the world market price Subsidy reductions will reduce poverty in developing producing countries Estimates of the magnitude of the impact of subsidies on the global pattern of cotton production, world market prices and cotton trade vary due to the range of assumptions...