The effects of biofuels policies on global commodity trade flows
Trade in ethanol is increasing, and raises the need for the classification of various biofuels within frameworks such as the WTO. With that being said, this paper wonders how do biofuels policies and programs fit within the WTO’s stated goals of liberalisation. In addition, it examines the effects of the rapid biofuels expansion on the prices of grains, and the effects triggered in the livestock industries. The paper indicates that the biofuels industry affects and is affected by government policies in countries around the globe.