Agric. Econ. - Czech, 2022, 68(1):11-19 | DOI: 10.17221/329/2021-AGRICECON

The economic effects of export restrictions imposed by major grain producersOriginal Paper

Liangliang Zhai1, Shilin Yuan2, Yujing Feng*,3
1 Department of International Trade, School of International Trade and Economics, Shandong University of Finance and Economics, Jinan, P.R. China
2 Master Program of Business Administration, Graduate School of Business, Faculty of Economics and Business, University of Amsterdam, Amsterdam, the Netherlands
3 Department of Taxation, Institute of Finance and Public Management, Anhui University of Finance and Economics, Bengbu, P.R. China

This paper uses the global trade analysis project (GTAP) to evaluate the impact of grain export restrictions on world food security during the COVID-19 epidemic. The study found that export restrictions distort world market prices, which in turn distort consumption and production, harm the interests of consumers and farmers in some countries, and threaten food security. In this regard, maintaining the convenience of the food trade is the wise choice of all countries. It is necessary to tighten the World Trade Organization (WTO) disciplines related to export restrictions, strengthen global food security governance and jointly build a community with a shared future for mankind.

Keywords: COVID-19; grain security; GTAP model; reform of WTO rules

Published: January 25, 2022  Show citation

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Zhai L, Yuan S, Feng Y. The economic effects of export restrictions imposed by major grain producers. Agric. Econ. - Czech. 2022;68(1):11-19. doi: 10.17221/329/2021-AGRICECON.
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