Abstract

This article aims to evaluate how the practices of trade policies impact the key players in the international soybean market. The Computable General Equilibrium model GTAP (Global Trade Analysis Project) was applied and it was possible to simulate scenarios for the adoption of policies, measure their effects on production, prices and the trade balance of countries that participate in the soybean market. In the scenario where it was simulated that China eliminated import tariffs for Brazil, Argentina and USA, the effects on the market were of high prices and quantities exported for these three countries as well as the reduction of price of Chinese soybeans. It was concluded that incentives for production and exports, through government subsidies are effective ways to make their countries more competitive and, in this context, it was shown that China can exert strong power in the soybean market, according to the policy adopted by government.