1. 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

2. 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

3. 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