This paper surveys a sample of issues which government planners and policy makers face when confronted with the need to supply growing amounts of meat and dairy products to their domestic markets. Resolution of these issues requires difficult policy choices between import substitution and trade, between farmer income and consumer welfare, between fiscal restraint and government subsidies, and between policy intervention and market forces. This paper addresses these policy trade-offs. It also examines the validity of policy instruments such as price controls in the context of a market economy, and assesses organizational arrangements for marketing of livestock products in the light of the experience accumulated so far in developing countries. Finally, it identifies research priorities that could guide the development of trade, pricing, and marketing policies. The discussion of trade and marketing issues is preceded by a brief overview of production, consumption, and trade of livestock and livestock products in Asian countries.