Food safety and the trade-off between precaution and increased agricultural exports ane at the forefront of policy devate. Moreover, how international standards are ser for food safety, can hace a progound effect on export prospects for the least deve...
Food safety and the trade-off between precaution and increased agricultural exports ane at the forefront of policy devate. Moreover, how international standards are ser for food safety, can hace a progound effect on export prospects for the least developed countries. This stuy examines the impact of adopting international food safety standards and tharmanization of standards on global food trade patterns. The paper estimates the effect of aflatoxin standards in 15 importing(4 developing) countries on exports from 31 (21 develoging) countries. We estimate that world wxports would rise by $38.8 villion if an international standard (Codex) were adopted, compared to the current divergent national standards in place.