How Trade Agreements And Sugar Exports Affect The U.s....

1.1 Problem Statement The goal of this paper is to describe and analyze how trade agreements and sugar imports affect the U.S. sugar market and program. 1.2 Background With the U.S. generating domestic sugar from both the sugarcane and sugar beet industries, the U.S. is among the world s largest sugar producers and generated over $4 billion in cash receipts in 2015-2016 (U.S. Department of Agriculture (USDA) Economic Research Service (ERS), 2017A). Sugar beets account for 55 percent of production, sugarcane produces 45 percent of the total domestic sugar production (USDA ERS, 2017A). A rotational crop, sugar beets can withstand a variety of climates. Poised to continue as the largest domestic sugar source, beet sugar harvesting and†¦show more content†¦Section 3 describes the method and data used to determine impact of trade agreement on the U.S. sugar program. Lastly, section 4 will discuss the conclusions and offers recommendations for future study. 2. Conceptual Framework As aforementioned, the U.S. sugar production is large, and in spite this, sugar imported under trade agreements affect the domestic market. Consequently, to understand the U.S. sugar market, a dive into U.S. production supply and trade agreement obligations is required to understand how these elements support the U.S. sugar program. Corresponding to domestic demand, the U.S. sugar market constraints the amount of domestic cane sugar and beet sugar produced to not exceed 85% of the estimated U.S. demand (McMinimy, 2016). In addition to four smaller trade agreements with nine countries, a larger part of the unfilled U.S. consumption demand comes from importation under WTO and NAFTA allocations (McMinimy, 2016; USDA FAS, 2017). Based on patterns from the unrestricted free trade period of 1975-1981, the U.S. Trade Representative allocates a WTO tariff rate quota (TRQ) allocation with 40 countries and the USDA executes the sugar program each FY, beginning Octob er 1 each year (USDA ERS, 2017B). The TRQ system applies to imports of raw cane sugar, refined sugar, sugar syrups, specialty sugars andShow MoreRelatedThe Denotation Of Multination Corporation ( Mnc )1582 Words   |  7 Pagesthe uttermost MNC of its day. Today, MNC’s account for a third of global exports and 77 million jobs worldwide (Multinational Corporations in the Global Economy, 2017). Their ability to influence a state’s federal direct investment (FDI), political policymaking, and international trade only continue to increase. Certainly, not all MNC’s carry this much power. There are two types, those who participate only in import/export, and those who make large investment in a foreign country. MNC’s are saidRead More Brazil World Trade Essay3993 Words   |  16 PagesBrazil World Trade From the 1500’s to the 1930’s the Brazilian economy relied on the production of primary products for exports. For three centuries Brazil’s economy was heavily curbed because since Portugal discovered Brazil, they subjected it’s economy to an imperial mercantile policy or a strictly enforced colonial pact. Even though Brazil received its independence in 1822, Portugal’s phase of decisions left a lasting, powerful imprint on Brazil’s economy and society. In the lateRead MoreDeveloping Countries in the World Trade in Agriculture: Bangladesh Perspective.19109 Words   |  77 PagesDeveloping Countries in the World Trade in Agriculture: Bangladesh Perspective. 1. Introduction. Agriculture directly or indirectly, is the main source of livelihood of most of the people all over the world. It provides a considerable portion of the national GDP of all developing countries and for the poor countries it provides the main portion of GDP. However, the World Trade Organisation (WTO) is the key organisation for controlling the world trading system and of which agricultureRead MoreThe Political Economy of International Trade7141 Words   |  29 PagesThe Political Economy of International Trade Chapter Outline OPENING CASE: Why Are Global Food Prices Soaring? INTRODUCTION INSTRUMENTS OF TRADE POLICY Tariffs Subsides Country Focus: Subsidized Wheat Production in Japan Import Quotas and Voluntary Export Restraints Local Content Requirements Administrative Polices Antidumping Policies Management Focus: U.S. Magnesium Seeks Protection THE CASE FOR GOVERNMENT INTERVENTION Read MoreAre Protectionist Policies Beneficiak to Business? Essay10942 Words   |  44 PagesBeneficial to Companies, 2010 Business? 101 ISSUE 18 Are Protectionist Policies Beneï ¬ cial to Business? YES: Ha-Joon Chang, from â€Å"Protecting the Global Poor,† Prospect Magazine ( July 2007) NO: Robert Krol, from â€Å"Trade, Protectionism, and the US Economy: Examining the Evidence† in Trade Brieï ¬ ng Paper No. 28, The Cato Institute (September 16, 2008) ISSUE SUMMARY YES: In support of the idea that protectionist policies help business, Ha-Joon Chang focuses attention on developing industries in poor countriesRead MoreInternational Marketing Assignments6200 Words   |  25 Pagesmarketing mix is simply adapted in some way to take into account differences in consumers and segments. It then follows that global marketing takes a more standardized approach to world markets and focuses upon sameness, in other words the similarities in consumers and segments. â€Å"International market goes beyond export marketer and become more involved in marketing environment in countries in which it is doing business.† â€Å"International marketing is performance of business activities thatRead MoreFinal Exam14001 Words   |  57 PagesIdentify the component of aggregate expenditure to which each of the following belongs: a. A U.S. resident’s purchase of a new automobile manufactured in Japan b. A household’s purchase of one hour of legal advice c. Construction of a new house d. An increase in semiconductor inventories over last year’s level e. A city government’s acquisition of 10 new police cars. a. Net exports b. Consumption c. Investment d. Investment e. Government purchases †¢ 2. (NationalRead MoreInternational Market Entry Strategy for Hershey Foods Corp2779 Words   |  12 PagesInternational Market entry Strategy for Hershey Foods Corp. By Prihadi Wahyono (Jan 22, 2013) I. Introduction The Hershey Company is famously known for being the biggest manufacturer of chocolates and confectionery products in USA, having hired over 15,000 employees worldwide and exporting their products to ninety different countries over the world. The Hershey Company has several popular brands, some of most notable ones being Hershey’s Chocolate Bar, Kit Kat, Hershey’s Kisses, Reese’sRead MoreCompetition in the Global Wine Industry:11105 Words   |  45 PagesCompetition in the Global Wine Industry: A U.S. Perspective Murray Silverman Professor of Management College of Business San Francisco State University 1600 Holloway Avenue San Francisco, CA 94132 Phone: 415-338-7489 Fax: 415-338-0501 Email: msilver@sfsu.edu Richard Castaldi Professor of Management College of Business San Francisco State University Phone: 415-338-2829 Fax: 415-338-0501 Email: castaldi@sfsu.edu Sally Baack Assistant Professor of Management Read MoreSwot Analysis Of Coca Cola Company3396 Words   |  14 PagesAll of the following environments will be discusses in the research; Political, Economic, Sociological, Technological, Legal, and Environmental as they the changes in the market segment. Within this paper it will discuss some of thr PESTEL Analysis of The Coca-Cola Company Introduction There are many factors that will affect the decisions of the managers of any organization. Even The Coca-Cola Company, the worlds? largest beverage company has to consider about their macro environment as well as