International Economic Law and Policy Blog (Page 17)

International Economic Law and Policy Blog

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Foreign Savings and U.S. Budget Deficits

In the context of expressing concern with trade imbalances, a recent piece by Michael Pettis and Erica Hogan argues that high foreign savings in some countries (e.g. China and Germany) is linked to the growing U.S. fiscal deficit (among other things): The global trade system is broken. Current

Georgetown Law Looking for Executive Director of IIEL

I'm pleased to let readers know that Georgetown Law's Institute of International Economic Law is looking for a new Executive Director. Here's an excerpt from the posting: The Institute of International Economic Law (IIEL) at Georgetown Law is seeking an Executive Director to lead

Agreement on Climate Change, Trade and Sustainability (ACCTS) among Costa Rica, Iceland, New Zealand, and Switzerland, 15 November 2024

In mid-November 2024, four small trading states entered into an historic agreement. Its purposes are stated as follows (Art. 1.1): * removing tariffs on environmental goods; * liberalising trade in environmental and environmentally related services; * disciplining and eliminating harmful fossil fuel subsidies in order to mitigate their adverse impact on the

Will Trump's Early Tariffs Be Used To Fight Digital Regulatory Barriers?

CNN reports that some of Trump's early tariffs might be used to fight foreign digital regulations: The campaign has commissioned its own studies on the economic impact of these tariffs, with levies not far below the levels Trump has suggested, according to people familiar with the effort. Some

Guest Post: Reining in the Foreign Subsidies Regulation through international investment law

This is a guest post from trade lawyer Victor Crochet and law professor Bin Ye 1. Comes the Foreign Subsidies Regulation The European Union’s Foreign Subsidies Regulation entered into force a year ago. It grants the European Commission far reaching power to screen mergers and acquisitions as well as

Security Exceptions Redux

In April 2017, the US Secretary of Commerce initiated an investigation under Section 232 of the Trade Expansion Act of 1962 to evaluate the effect of imported steel and aluminium on national security. In 2018, the United States imposed Section 232 tariffs on foreign steel and aluminium products from several

Whither the Worker-Centered Trade Policy?

The Biden administration changed U.S. trade policy significantly when it adopted a “worker-centered” trade policy that justified entering into “frameworks” and not trade agreements. That policy didn’t win many accolades from the trade crowd. Many critics felt that it forewent critical opportunities by refusing to discuss market access

What To Look For In a Trump II Trade Policy

It has only been a few hours since the election results came in, so at this point I have lots of questions but few answers as to what the incoming Trump administration will do on trade policy. Here are a few of the questions. Personnel Who will Trump put in

Conference on “Navigating the Future: Industrial Policy and Global Competitiveness”

Centre for International Trade and Business Laws, NALSAR University of Law, Hyderabad in collaboration with World Trade Institute, University of Bern and Centre for Trade and Investment Law (IIFT) and The WTO Chairs Programme in India is organising International Conference on “Navigating the Future: Industrial Policy and Global Competitiveness” on

Risky Futures: Indonesia's Nickel and EV Production

Can governments future-proof their economic power in a green(er) global economy? This question seems to lie at the heart of many governments’ trade policies. It is not a new question per se. In 1974, many resource-rich countries resolved that it was time to create a new international economic order