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The Politics of ISDS

This anti-ISDS bill, recently introduced by some Democratic members of Congress, is an odd one: PROHIBITION ON AGREEMENTS THAT INCLUDE INVESTOR-STATE DISPUTE SETTLEMENT PROVISIONS. (a) IN GENERAL.—The President may not, on or after the date of the enactment of this Act, enter into any free trade agreement
Simon Lester 20 Feb 2015 1 min read

A Love Letter to the TPP

This blog post from the U.S. Chamber of Commerce is -- how shall I describe it? -- quite something to behold: Roses are red Violets are blue I love the TPP And so should you Dearest Trans-Pacific Partnership Agreement, I can’t stop thinking about how great we’d be
Simon Lester 20 Feb 2015 1 min read

Jeb Bush Revives the FTAA

In a foreign policy address today, likely presidential candidate Jeb Bush said (at 38:05) that "the focus [of US policy towards Latin America] ultimately needs to get back to a Free Trade Agreement of the Americas." Of course, that idea failed once before, but could a new
Simon Lester 18 Feb 2015 1 min read

Bernard O'Connor on Constructing Normal Value

This is the abstract from a paper by trade lawyer Bernard O'Connor: Constructing Normal Value in WTO Anti-Dumping Law. Giving meaning to the phrase open, market-oriented policies in the preamble to the Marrakesh Declaration This paper looks at the construction of normal value in WTO anti-
Simon Lester 18 Feb 2015 1 min read

IS “QUANTITATIVE EASING” EQUIVALENT TO EXCHANGE RATE MANIPULATION?

In the context of the present fast track negotiations, a recent article in the New York Times points out the following aspect: The Obama administration fears that prohibitions on currency intervention could boomerang on Washington, allowing trading partners to challenge policies of the Federal Reserve Board. In the implicit view
Marc Benitah 17 Feb 2015 2 min read

The Scope of Interim Review

I enjoyed this passage from the China - HP-SSST WTO panel report circulated on Friday: 6.24. Japan suggests that the Panel's analysis of the use of the indefinite article "a" preceding "like product" in the second sentence of Article 3.2 is "
Simon Lester 16 Feb 2015 1 min read

John Oliver on Tobacco Regulation and IEL

Here's John Oliver on his show last night, giving his take on the tobacco litigation going on right now in international economic law: He didn't get into the interpretive issues related to overlap/conflict between the WTO and the FCTC, which I talk about in the
Simon Lester 16 Feb 2015 1 min read

Interim Review: Get Rid of It, or Expand It?

I recall many years ago conversations about how interim review in the WTO panel process was a waste of time, and we should get rid of it.  It had been proposed as a way to improve the quality of panel reports, but appellate review served that same purpose, so there
Simon Lester 12 Feb 2015 3 min read

A Short Treatise on International Trade Law

International trade law covers so much these days that it's hard to write a treatise or casebook on it in less than 1,000 pages.  Trust me on this, or give it a try yourself. Law prof Michael Trebilcock has just given it a try, with some success.
Simon Lester 12 Feb 2015 1 min read

Mega-Regionals and Developing Countries

It turns out that when you have trade negotiations with only a select group of countries, other countries are left out.  Often, those who are left out are developing countries.  What's the impact of having "mega-regional" trade talks that exclude most developing countries?  Some people
Simon Lester 12 Feb 2015 2 min read

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International Economic Law and Policy Blog

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A law of many meanings: Exchange Actions under the GATT and IMF

Earlier this week, Simon Lester posted about the EU’s concerns with the undervaluation of the Chinese currency. He situated the recent demands for trade restrictions against a longstanding debate about the function of GATT Article XV:4.
25 Jun 2026 8 min read

Does The EU Need Its Own Section 301 To Counter China's Distortions?

Recently, economists Sander Tordoir and Brad Setser suggested that the EU may need its own version of Section 301 in order to "confront China’s systemic distortions beyond piecemeal trade defence."
17 Jun 2026 7 min read

The Section 301 Forced Labor Import Ban Report

On June 2, 2026, USTR released its report on its Section 301 investigation into acts, policies, and practices of various economies related to the failure to impose and effectively enforce a prohibition on the importation of goods produced with forced labor.
04 Jun 2026 11 min read

What To Expect from the USMCA Review?

The USMCA review is almost upon us. How exactly things will proceed is a bit unclear, as we've never done this sort of thing before, but July 1 is the six year anniversary of the USMCA's entry into force.
03 Jun 2026 15 min read

China in the World Trading System: A Response to Chad, and Some Comments on Froman-Greer

I'm going to use this post to (1) respond to Chad and (2) comment on an exchange between current U.S. Trade Rep. Jamieson Greer and former U.S. Trade Rep. Mike Froman at a recent CFR event.
01 Jun 2026 7 min read

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