International pork trade and foot-and-mouth disease

International pork trade has been affected by two conflicting effects in recent years: lower trade barriers because of free trade agreements and trade disruptions caused by disease outbreaks. This study investigates how global pork trade is affected by foot-andmouth disease among major exporting/importing countries. The 41 countries included in this analysis account for 99% of world pork exports and 92% of world pork imports. A Pseudo Poisson Maximum Likelihood (PPML) estimator with a series of controlled fixed effects in the gravity equation was utilized. Results were statistically confirmed that pork exports fall when an exporting country reports foot-and-mouth disease. Exporters with a vaccination policy suffer larger negative impacts than those with a slaughter policy. Pork importers that report FMD and institute a slaughter policy will import more pork, but importers with a vaccination policy will import less pork.