The Uruguay Round of trade negotiations (1994) initiated agricultural trade
liberalization in the form of increased market access, lower export subsidies and limits on
trade-distorting domestic support (three pillars, see Burfisher, 2001; de Gorter, Ingco and
Ignacio, 2003; Gopinath, Mullen and Gulati, 2004). However, further trade liberalization
has stalled largely...