The International Seafood Trade James L. Anderson, University of Rhode Island, USA 2003. Woodhead Publishing Ltd., Cambridge, England. 256 pp. Contents 1 Introduction James L. Anderson The diversity and importance of seafood in international trade Origins of seafood trade Canning Refrigeration and Freezing The role of Exclusive Economic Zones (EEZs) Wild fisheries management and the emerging role of aquaculture Looking forward References 2 Trends in capture and aquaculture production James L. Anderson, Jonathan R. King and Josué Martínez-Garmendia World fisheries production Capture production Aquaculture production World shrimp aquaculture and capture production World salmon and trout production World cod, hake, pollock, and haddock production World tuna and bonito production World tilapia and cichlid production References 3 Trends in international seafood trade James L. Anderson and Josué Martínez-Garmendia Introduction Factors influencing seafood trade Net trade flows References 4 Trade by major species group James L. Anderson, Josué Martínez-Garmendia and Jonathan R. King Introduction Shrimp Tuna Salmon and trout Groundfish Crab and lobster Cephalopods References Appendix - Commercial categories 5 Fundamental principles of international trade applied to fisheries James L. Anderson Introduction Conventional approach to international trade analysis The bioeconomics of fishery supply Fisheries and international trade Cost-reducing technology and/or cost-reducing subsides Import tariffs Fish stock enhancement Fishery enhancement in isolation Analysis of fishery enhancement subsidies in international trade Conclusion References 6 Price discovery James L. Anderson and Josué Martínez-Garmendia Introduction Price discovery Auctions Japan Distribution system for US Atlantic bluefin tuna sold on the Japanese market Marketing margin for US Atlantic bluefin tuna United States Individual negotiation Bargaining by fishermen's groups Consignment sales Forward contracts/vertical integration Seafood and derivatives: futures What are derivatives? Why derivatives? Derivatives at work? Futures Options Experience with shrimp derivatives White shrimp futures White shrimp options Black tiger shrimp futures Black tiger shrimp options References 7 Seafood market research James L. Anderson and Josué Martínez-Garmendia Introduction Empirical Methods Demand models Price flexibility models Hedonic price models Discrete choice models Cointegration models Time-series models Data References 8 Aquaculture, fisheries, and evolution of the market James L. Anderson Introduction Production costs Aquaculture Poultry Ocean-based fisheries Market factors influencing competitiveness The difference between aquaculture and traditional fisheries Conclusion References 9 Institutions and measures of importance to international trade in seafood Jonathan R. King and James L. Anderson Introduction The General Agreement on Tariffs and Trade (GATT) WTO's structure The Ministerial Conference The General Council The Secretariat (and Director General) The Committee on Trade and Environment Dispute settlement understanding WTO provisions (or GATT articles) The Convention on the International Trade of Endangered Species (CITES) CITES structure The Secretariat The Conference of Parties The Permanent Committees The CITES permit system CITES strategic vision 2005 The US Pelly Amendment Additional US trade measures Countervailing duties Antidumping duties Countervailing and antidumping seafood examples Norwegian salmon case Chilean salmon case Safeguard remedies Trade and environment conflicts The 1991 tuna-dolphin case The 1996 shrimp-turtle case The US Pelly Amendment and trade disputes US trade measures: countervailing duties/anti-dumping tariffs/safeguard remedies References 10 The seafood consumer, trade and the environment Cathy A. Roheim Introduction The economics of labeling Demand and supply of attributes Ecolabeling The Marine Aquarium Council (MAC) Global Aquaculture Alliance The Marine Stewardship Council Ecolabels as technical barriers to trade Trade implications for ecolabeling of products from marine capture fisheries Conclusions References APPENDIX 1 International Trade - Shrimp: A case study Michael J. Bush