IATP publishes report on the negative effects of agricultural dumping
The Institute for Agriculture and Trade Policy (IATP) recently published a report, Counting the costs of Agricultural Dumping, highlighting the need for trade policies and regulations to be changed in order to reduce agricultural dumping.
This publication defines agricultural dumping as “the practice of exporting commodities at prices below the cost of production” which is not only detrimental to the environment, but also has a damaging effect on the economy, specifically low-income countries. IATP proposes that the United States, in particular, needs to reduce their amount of overproduction and there needs to be affirmative action to change trade rules in order to reduce agricultural dumping.
Please read the full paper here.