Farmers Brace for Seismic Shifts as Global Trade Policies Reshape Agricultural Landscape
Global changes in agricultural trade policies will have significant impacts on the EU, China, and New Zealand. The study analyzed the effects of WTO and CAP reforms on the livestock sectors of these countries using the LTEM model. Producers in the EU will see major changes in their industry, while New Zealand's economy could be significantly affected due to its heavy reliance on agricultural exports. China's potential competition in agricultural commodities and as an export destination for NZ are important factors to consider.