International agricultural trade UE Past Papers Questions.

The following are some of the policy instruments an importing or exporting country. Define and briefly give summary of the impacts of each to procuders, consumers, trade flows and the government.

1. Fixed import tariff
2. Fixed export subsidy
3. Voluntary export restraint
4. Import Quota

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UNSOLVED

From trade seminars

1. Outline 5 advantages of regional integrations such as SADC, COMESA, EAC, ECOWAS in Africa.
2. Food quality, food safety and phytosanitary regulations of developed countries may affect the agriculture sectors of developing countries like Tanzanian. Briefly outline three points and describe how.

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A country will always export goods in which it has a comparative advantage and may or may not produce only that good.

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UNSOLVED

The law of comparative advantage is based on differences in the opportunity costs of production between countries. Acountry with higher opportunity cost of producing a good will export to a country with low opportunity cost of producing that good.

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UNSOLVED

If a country import oranges , then producers of oranges in that country will definitely gain from international trade in oranges.

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UNSOLVED