by Carlo M. Cantore[1] & Petros C. Mavroidis[2]  1. Consensus as Insurance Against the Waning of MFN The WTO membership has been mulling over the legal status of completed JSIs (Joint Statement Initiatives). JSIs are not multilateral agreements. They could become plurilateral agreements, if the membership (including those

1. The 2026 Version of the Bicycle Theory for Trade A few decades back, in separate publications, Fred C. Bergsten, and Jagdish Bhagwati referred to the “bicycle” theory of trade. In short, the idea was that steady (continuous) progress towards freer trade is essential. If not, political forces favoring protectionism

In the US Trade Regime class I teach with Matt Nicely, our unit on the regime’s import side has traditionally begun with a review of how the United States classifies trading partners … the “ordinary,” “preferred” and “rogue” categories associated with columns 1a, 1b and 2 (respectively) of the Harmonized