Basic Agricultural Products
Basic agricultural products in Global Commerce Policy
In this regard, basic agricultural products is: defined in the WTO Agreement on Agriculture as the product as close as practicable to the first sale . This definition leaves room for dispute. The entries on trade policy are here. If one were to follow it strictly, cheese made on the farm would be a basic agricultural product, but if it was made in an industrial dairy it would be a processed product.[1]
Basic agricultural productsin the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Resources
Notes and References
- Dictionary of Trade Policy, “Basic agricultural products” entry (OAS)
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