Trade Barriers, Quality, Elasticity of Supply And Demand in Agricultural Commodity Markets

Teodora Semerdzhieva

Abstract: The aim of the article is to analyse the trade barriers, the specific requirements for the qua-lity of agricultural products and food and the elasticity of food demand and supply. Based on the analysis results, conclusions are made on: opportunities for geographical diversification of ex-ports; the relative importance of tariff costs; the importance of the regional agreements in the gravity equations of agricultural trade, agricultural imports and agricultural exports; the choice of competitive strategy.

Keywords: agricultural commodity markets; elasticity; quality; tariff and non-tariff barriers

Date published: 2021-03-25