Ulrich Hoffmann is Chief Economist, Research Institute on Organic Agriculture (FiBL), Switzerland. Until the end of 2014 he was the Senior Trade Policy Advisor to the Director of the International Trade Division and Editor-in-chief of the UNCTAD Trade and Environment Review in the secretariat of the United Nations Conference on Trade and Development (UNCTAD). The views expressed in this paper are those of the author and do not necessarily represent the position of FiBL.