Trade Agreements

State of Agricultural Commodity Markets (SOCO) is a new report from the United Nations Food and Agriculture Organization (FAO) that analyzes global trends in agricultural production and trade and documents the inequity and unfairness of the global trade system in terms of its impact on the poorest nations and their small farmers. The study’s findings, based on the examination of 40 years of international trade in agricultural products, expose that the developing countries, and above all the Least Developed Countries (LDCs), do not benefit from integration into the international trade system. The study shows how economic integration has actually contributed to the economic and social decline of the LDCs.