International Economic Law and Policy Blog (Page 347)

International Economic Law and Policy Blog

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"China’s Currency Isn’t Our Problem"

That's from Mark Wu, writing in the NY Times. But just to be clear, he is not saying that China's currency policies are not a problem, but rather that they are everyone's problem, not just a problem for the U.S.: China’s currency

WTO Dispute Submissions: USTR Posting of Other Government's Submissions

I don't know if this is new, but it's the first time I have noticed it. USTR seems to be posting the non-confidential version of other governments' submissions in disputes against the U.S. The executive summary of the Philippines' first written submission

"there is not a system of precedent within the WTO dispute settlement system and panels are not bound by Appellate Body reasoning"

That's from the panel in U.S. - Zeroing (Korea) (DS402), circulated today. Here's the full context (without footnotes): 7.29 Korea relies upon the Appellate Body report in US – Softwood Lumber V to argue that the United States acted inconsistently with the first sentence of Article

The U.S. Record in NAFTA Chapter 11 Cases: Still Undefeated

Over the week-end, the State Department announced the following: On January 12, 2011, a three-member NAFTA arbitration tribunal rejected a claim against the United States filed by Grand River Enterprises Six Nations, Ltd., a Canadian corporation, and Jerry Montour, Kenneth Hill and Arthur Montour Jr., members of Canadian

Location Subsidies for Solar Panel Production

From the NY Times: Aided by at least $43 million in assistance from the government of Massachusetts and an innovative solar energy technology, Evergreen Solar emerged in the last three years as the third-largest maker of solar panels in the United States. But now the company is closing its

Institutional Balance at the WTO

The idea of an "institutional balance" between the legislative, executive and judicial organs of the WTO came up in the India - Quantitative Restrictions and Turkey - Textiles cases. On this issue, see Frieder Roessler's piece entitled "The Institutional Balance between the Judicial and the Political Organs

Dani Rodrik Wants to Restrict Policy Space

Well, for the most part he doesn't. He says: When international cooperation does “succeed,” it spawns rules that are either toothless or reflect the preferences of only the more powerful states. The Basle rules on capital requirements and the World Trade Organization’s rules on subsidies, intellectual property,

Tuna-Dolphin: The NAFTA-WTO Dispute Settlement Conflict

I've mentioned the NAFTA-WTO dispute settlement conflict aspect of the U.S. - Tuna II (DS381) case before (see here and here). Unfortunately, I'm in a little over my head on that issue. I prefer to focus on the substantive aspects (DSC subscribers only) of the

Trade in Everything: Replicas of the Royal Engagement Rings

From Reuters: Britain may be on the other side of the world, but Chinese manufacturers are cashing in on the British royal wedding as they churn out tens of thousands of replica royal engagement rings. Last November, Prince William and his beaming fiancee Kate Middleton showed off the blue sapphire

Current Account Imbalances: Part 2 (Martin Feldstein)

Here's post #2 on the current account imbalances issue. Martin Feldstein thinks these imbalances will, for the most part, take care of themselves, without any grand international plan to fix them. He leads off his paper this way: The high level of current account imbalances has been a