International Economic Law and Policy Blog (Page 386)

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"Procedural Fairness" as a WTO Principle

From a speech by Pascal Lamy on the Government Procurement Agreement: The GPA is a paradigm example of a trade opening instrument that also recognizes the need for governance mechanisms — in this case, the procedural rules that Parties to the Agreement must follow to ensure fair and transparent contracting practices

Who Is Most Hurt by the Yuan's Value?

According to Arvind Subramanian, the biggest harm from the undervalued yuan is to developing countries: .. an undervalued exchange rate is above all a protectionist trade policy, because it is the combination of an import tariff and an export subsidy. It follows therefore that the real victims of this policy are

The Conflicts Inherent in State-Ownership of Industry

From an op-ed by Dan Ikenson of the Cato Institute: When he urged Americans to "stop driving" their Toyotas last week, was Transportation Secretary Ray LaHood speaking as the head of a federal agency concerned with highway safety or as a sales advocate for a nationalized General

Obama on Trade: The Latest

From a soon to be published interview with Bloomberg BusinessWeek: In an effort to make U.S. exports more attractive, Obama set a year-end objective for persuading China to allow the value of its currency to rise. “My goal over the course of the next year is for China

“Free Trade Doesn’t Work”

That’s the title of a new book by Ian Fletcher. (I came across it as a sponsored link in a Google search.) There are a number of different reasons people criticize free trade, so I was curious to see what exactly he had in mind. I asked him for

Government Support for Domestic Companies Building Nuclear Reactors Abroad

The Economist has a piece on competition in the market for building nuclear reactors, in which they discuss how state support for domestic competitors may be playing a role: ... the United Arab Emirates (UAE) completed a tender for four nuclear plants in December, Vietnam is planning a similar deal this

More Asbestos Case Follow-Up

Following-up on this follow-up post, here's more about current disagreements over trade in asbestos: Controversy over asbestos exports continued to dog Quebec Premier Jean Charest right up to the very last day of a trade mission to India. Indian unions and other groups twice called on

Will the U.S. Challenge the Chicken Parts Anti-Dumping Duties?

From Reuters: China said on Friday it will slap heavy anti-dumping duties on U.S. chicken parts, a move likely to aggravate trade ties between two of the world's most important economies at a time of strained political relations.The Chinese Commerce Ministry's initial investigation

More Support for Consumption-Based Carbon Reduction

At Vox, Rahel Aichele and Gabriel Felbermayr explain how production-based carbon reduction can lead to carbon leakage: Production-based CO2 emission targets can give rise to carbon leakage, as firms relocate to countries without carbon policies. This column shows that Kyoto countries’ embodied CO2 imports have been increasing by

Dan Drezner on China's Great Firewall as a Trade Barrier

His full post: Well, there certainly are a surfeit of Sino - Americantiffsgoing on at the moment . Over at Reason, Ron Bailey offers an intriguing solution to one of these problems -- use the WTO as a crowbar to bring down the Great Firewall of China : When China joined the World Trade