Bilateral (Can and EU) Multilateral (All) Canada EU ROW

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Presentation transcript:

Bilateral vs Multilateral Tariff Liberalization in Milk (volume changes) Bilateral (Can and EU) Multilateral (All) Canada EU ROW Milk Production -1837 2282 -212 -1852 2277 Milk imports 2321 192 3 2409 11238 Milk exports 397 2287 -167 893 12754

Bilateral vs Multilateral Tariff Liberalization in Milk (% changes) Bilateral (Can and EU) Multilateral (All) Canada EU ROW Unskilled labor in Milk -24.72 1.96 -0.10 -24.93 -1.26 qGDP 0.08 -0.007 -4E-05 0.11 0.004

Welfare Decomposition Unilateral (Agro-Proc) Bilateral (Milk with EU) Multilateral (Milk with all) Allocative efficiency 1198 578 844 Terms of trade -968 -342 -320 IS 89 39 36 Total Canada 319 274 560 Total World 847 4.57 (EU is -319) 1164