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CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

English Spanish

Implications of the shift in United States farm policy

This article sets out to describe the main features of the new farm legislation in the United States, assess the extent to which it conforms to World Trade Organization (WTO) rules, and provide a preliminary assessment of its impact on Latin America. The article first looks at the new United States Farm Security and Rural Investment Act of 2002, identifying the different mechanisms used to support the country’s farm producers. It then analyses that Act, referred to hereinafter as the 2002 Farm Act, in the light of the rules established and the commitments made in the Uruguay Round of the General Agreement on Tariffs and Trade (gatt). This is followed by an analysis of the possible impact of the new law on Latin American agriculture. Lastly, reference is made to recent developments in multilateral trade negotiations and the way they relate to the 2002 Farm Act.

English Spanish

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