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"China's currency is undervalued and increased flexibility is 'essential' ...'"

No, that's not a quote from a U.S. Senator, but from a member of the People's Bank of China's monetary policy committee.  Here's more from a Bloomberg article: China's yuan rose beyond 7.4 to the dollar for the
Simon Lester 22 Nov 2007 1 min read

A Subsidy-Free Thanksgiving

I don't have a link for this because it came in an email (from AEI): America ’s farmers are highly productive, as Thursday’s Thanksgiving meal demonstrates. The Census Bureau reports that U.S. farmers this year will raise 272 million turkeys and produce 690 million pounds of
Simon Lester 22 Nov 2007 1 min read

The Carbon Border Tax in Reverse?

Most of the talk about carbon border taxes involves imposing taxes/charges in a manner that might discriminate against China and other developing countries.  But could China impose a border tax of its own?  They might not be there quite yet, but they seem to be thinking about these kinds
Simon Lester 21 Nov 2007 1 min read

More Criticism of the VAT Versus Income Tax Distinction

As noted in an earlier post, I don't know if this issue is building up momentum, but I seem to be coming across it quite a bit.  This is from an op-ed in the Boston Globe: The second core problem is hidden foreign tariffs called value-added taxes, or
Simon Lester 21 Nov 2007 1 min read

Teson on Trade

Fernando Teson (with co-author Jonathan Klick) has an interesting take on trade and global justice. See here. This is the abstract: "Economists generally agree that free trade leads to economic growth. This proposition is supported both by theoretical models and empirical data. Further, while the empirical evidence is more
Tomer Broude 20 Nov 2007 1 min read

Appellate Body Appointments Blocked

Diplomatic maneuvering of some sort: Taiwan on Monday blocked a World Trade Organization meeting that would have appointed new judges to the WTO appeals body, including the first Chinese member. Chinese attorney Yuejiao Zhang appeared set for nomination to the seven-member panel until Taiwan made the rare move of forcing
Simon Lester 19 Nov 2007 3 min read

The Economist on Carbon Border Measures

The Economist has two articles this week on the America's Climate Security Act (ACSA), a bill in the U.S. Senate.  They are generally in favor of its goals (reduction of greenhouses gases through a cap-and-trade scheme), but have a concern about one aspect of it.  In one
Simon Lester 18 Nov 2007 2 min read

Panel on Irwin & Mavroidis, Creating the GATT

Creating the General Agreement on Tariffs and Trade:What the Founders Intended, What They Got, and What It Means TodayThursday, November 29, 2007, 9:00–11:00 a.m.Wohlstetter Conference Center, Twelfth Floor, AEI1150 Seventeenth Street, N.W., Washington, D.C. 20036International trade scholars Douglas Irwin of Dartmouth College
Simon Lester 16 Nov 2007 1 min read

It's Not Just Agriculture

The zeroing litigation seems to be winding down (albeit very slowly), but the zeroing negotiations may be heating up.  From Reuters: Congress is likely to reject a world trade agreement unless it restores eroded U.S. ability to impose duties on unfairly traded imports, a pair of senior Democratic lawmakers
Simon Lester 15 Nov 2007 1 min read

Some Gambling Case Irony

From a gambling news web site: Gary Loveman, CEO of Harrah's Entertainment, announced at the Global Gaming Expo in Las Vegas that the World Series of Poker may soon branch into online formats in Europe. ... The irony of the move by Harrah's, and part of the
Simon Lester 15 Nov 2007 1 min read

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International Economic Law and Policy Blog

International Economic Law and Policy Blog

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Comparing the Enforcement Provisions in the New U.S. Trade Deals

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Jamieson Greer on the 30 Year Aberration in U.S. Trade Policy

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