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| 1 |
ID:
160465
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| Summary/Abstract |
Prior to the UK’s accession to the then European Economic Community in 1973, Australia was a significant supplier of Britain’s food. Membership of the European Union (EU) resulted in trade diversion, closing the British market to Australian sugar, for example. This article questions whether the UK’s exit from the EU (‘Brexit’) might usher in a new agri-food trade regime, restoring Australian farmers’ access to the British market, or whether other opposing political economy considerations might prevail. Would the UK unilaterally adopt free trade? Can a comprehensive free trade area agreement between Australia and the UK, including agri-food products, be negotiated? Any new relationship will need to reflect the UK government’s stated preference for a frictionless border with EU 27 (particularly on the island of Ireland), the World Trade Organization’s rule book, and the interests of the UK’s farm lobbies, as well as the UK’s quest for ‘free trade’ with the wider international community.
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| 2 |
ID:
103384
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| Publication |
2011.
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| Summary/Abstract |
Many governments mandate the blending of biofuels with fossil fuel supplies. The paper raises the possibility that some firms might choose not to respect such mandates, and cites the UK's experience, where a buyout of the obligation is possible. A simple economic framework is then used to explore some implications of mandate buyouts, including situations when buyouts and road-fuel-tax rebates are applied together. Finally, it discusses the design of buyout-mandate schemes that could release raw materials from biofuel production, following a future world food price shock.
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