The U.S. what's more, World Sugar Commercial enterprises under the EU and DOHA Exchange Liberalization

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Absolute creation of sugar - more than 133 million tons every year for the ... Unadulterated sweetener generation: 4.05 from 24 stick factories in 4 states. All out generation: 8.86 from 50 ...

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Slide 1

The U.S. what's more, World Sugar Industries under the EU and DOHA Trade Liberalization Won W. Koo Chamber of Commerce Distinguished Professor and Director Center of Agricultural Policy and Trade Studies North Dakota State University Fargo, North Dakota

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Presentation Outline Characteristics of the U.S. also, world sugar enterprises Framework for the WTO arrangements Sugar approach change in the EU Sugar reproduction show Simulation comes about Summary and conclusions

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Characteristics of the World Sugar Industry Sugar - created in more than 100 nations Total generation of sugar - more than 133 million tons yearly for the 1999-2003 period Total volume of sugar exchanged - around 28 million tons for the 1999-2003 period. Showcase - unstable and bended.

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World Sugar Production and Consumption, Raw Sugar Equivalent, 1970-2004

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Characteristics of the U.S. Sugar Industry World's fifth biggest maker and purchaser World's fourth biggest merchant Produce both beet and unadulterated sweetener

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U.S. sugar industry profiles for 2003/2004 (million short tons, crude esteem) Beet sugar creation: 4.81 from 26 plants in 10 states Cane sugar generation: 4.05 from 24 stick processes in 4 states Total generation: 8.86 from 50 offices in 14 states Sugar utilization: 9.87 TRQ imports: 1.23 from 41 amount holding nations. Pure sweetener refineries: 8 in 6 states.

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U.S. Creation of Beet and Cane Sugar, 1980 to 2004

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U.S. Sugar Production and Consumption, 1970-2004

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Market Shares for Sweeteners in the United States

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Caribbean and U.S. Sugar and HFCS Prices

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WTO Framework Agreement for Agricultural Goods Market Access Domestic bolster Export Competition

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Market Access Substantial change in market get to Cut in duties and harmonization Exception for touchy items in tax amount extension and duty lessening Lesser tax decrease responsibilities for creating nations

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Domestic Support Substantial cut in exchange bending household bolster (golden box) Harmonization of nations' local bolster levels 20 percent cut on general support in the primary year of execution Green box will be checked on and illuminated Blue box for U.S. counter-repeating installments is permitted

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Export Competition Export endowments to be dispensed with Export credits with reimbursement times of over 180 days to be wiped out Trade-bending practices of fare STEs to be wiped out

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European Union's Reform in Sugar Policy Current arrangement and exchange insights Domestic discount cost of refined sugar (2000-2002 normal): 30cents/lb> world market cost. Import duty: 164% Production quantity: 17.4 mmt/year Export appropriation: 1.3 mmt/year

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Expected change: value cut in refined sugar from 632 euros to 421 euros ($758 to $505). Decrease in sugarbeet cost from 32.8 euros to 27.4 euros for every ton ($39.4 to $32.9) Quota diminished from 17.4 mmt to 14.6 mmt New part nations are remunerated as old individuals regarding sugar bolster programs

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Introduction of decoupled installments to sugar ranchers as Single Farm Payments (SFP) to repay 60% of lost income because of cost and standard lessening ACP and India sugar import stay at 1.3 mmt, yet cost lessened from 421 euros to 329 euros ($505 to $395) per metric ton

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Model Structure and Development Harvested territory condition: Total amount of sugar generation:

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Per capita sugar utilization: Total utilization of sugar:

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Carry-out stocks condition: Net fare condition:

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A market balance condition: Price conditions:

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EU and DOHA Scenarios Limited progression in the EU Limited advancement under DOHA proposition in chose nations (China, the EU, Japan, and the United States) 20% cut in duties 20% expansion in import share

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Summary and Conclusions DOHA transactions may influence a few players on the planet sugar industry Increase in Caribbean cost of sugar from 8.4 pennies/lb to 12.1 pennies/lb Brazil may considerably expand creation and fares Australia, Central America, and Thailand – increment their fares of sugar respectably EU and India – increments in imports China and Japan – generous increment in imports

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EU change on sugar arrangement will build Caribbean sugar cost, yet not influence the U.S. sugar industry Increase in the Caribbean cost of sugar from 8.4 pennies/lb to 9.96 pennies/lb Reduction in EU sugar generation and fares Under the present DOHA proposition, U.S. imports of sugar would be 1.9 million tons and discount cost would diminish from 24.89 pennies to 23.79 pennies Brazil may profit the most under the DOHA situation

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Thank you!

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