International Economic Law and Policy Blog (Page 377)

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GATT Article XII and Trade Balancing

In the comments, Jim Mathis points me to this paper by Terence Stewart and Elizabeth Drake, entitled "Addressing Balance-of-Payments Difficulties under World Trade Organization Rules". The background they provide on GATT Article XII and balance of payments issues is excellent. They pack a lot of information into a

Treasury Delays the "Currency Manipulation" Decision

As everyone has probably heard by now, Treasury Secretary Geithner announced over the week-end that he would delay the decision on whether to label China a currency manipulator. From the press release: I have decided to delay publication of the report to Congress on the international economic and exchange rate

Call for Submissions to ASIL Insights - International Economic Law Edition

The International Economic Law Interest Group (IEcLIG) of the American Society of International Law (ASIL) is soliciting short submissions to ASIL Insights- International Economic Law Edition. ASIL Insights are meant to provide objective, succinct analysis of topical issues. Subjects should be timely and submissions should be short (less than 2000

The Impact of Currency Manipulation and Government Subsidies

In the comments, Peter Gallagher refers me to an op-ed by Greg Mankiw on Chinese currency excange rate issue. To me, the key point in the Mankiw piece is this one: Critics of China say it is keeping the yuan undervalued to gain an advantage in the international marketplace. A

DOC Evaluating Prospective vs. Retrospective Duty Systems

From a DOC federal register notice: In the conference report accompanying the 2010 Consolidated Appropriations Act, Public Law: 111-117, the conferees directed the Secretary of Commerce to work with the Secretaries of the Departments of Homeland Security and the Treasury to conduct an analysis of the relative advantages and disadvantages

Too Neoliberal, or Not Neoliberal Enough?

Over at Eyes on Trade, Travis McArthur links to an article about Bill Clinton's views on free trade, which states: Former U.S. President Bill Clinton says the free-trade agriculture policies he supported as president were a mistake. Many critics blame these policies for contributing to Haiti'

Electric Vehicle Pricing

From the AP: Nissan Motor Co. said Tuesday its new electric car will cost just over US$25,000 in the U.S., a move that could force rivals to lower prices on similar vehicles. The Leaf, a four-door hatchback due in showrooms late this year, will have a base

GATT Article I:1 (MFN) and "Conditions" for Lower Tariffs

From a recent article in The Australian: China yesterday raised the prospect of tariffs and new policies to stem growing uncertainty in its steel industry, which faces iron ore price hikes of up to 90 per cent this year. China's Commerce Ministry said yesterday it was preparing a

Excerpts from the House Ways and Means China Currency Hearing

I couldn't find video of the House Ways and Means hearing on China's exchange rate policy, but I did get my hands on a transcript. Here are some interesting tidbits: What should the U.S. do about the China currency issue? BERGSTEN: You don't

Clyde Prestowitz on Expanding the Trade Regime

From his written testimony at the House Ways and Means hearing on China's exchange rate policy: We have a WTO, but what we really need is a world globalization organization. ... Over the longer term, the currently prevailing half-free trade, half-mercantilist system of globalization must be replaced by the