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Is the Undervalued Yuan a De Facto Export Subsidy in the Legal Sense?

According to Bloomberg, considering that the situation has likely worsened recently ''because the yuan has dropped 10 percent on a trade-weighted basis after inflation in the past five years",  Federal Reserve Chairman Ben S. Bernanke urged recently China to allow  the quasi- fixed exchange rate of its
Marc Benitah 15 Dec 2006 1 min read

The German Marshall Fund on Trade

Jalal Alavi, a frequent commenter on this blog, suggested posting the following: A Survey on Public Opinion The newly released survey of German Marshall Fund of the United States “Perspectives on Trade and Poverty Reduction”   was presented in the WTO today(13.12.2006). GMF has surveyed seven countries (France,
Simon Lester 14 Dec 2006 3 min read

Tariff Preferences II?

Bloomberg reports: Pakistan plans to challenge European Union trade policy for poor nations through the World Trade Organization, concerned that among India, Sri Lanka and Bangladesh, it's the only one not given equal advantages. In April 2004, WTO judges said the EU could exempt Latin American nations and
Simon Lester 13 Dec 2006 2 min read

China's Checkers

See the USTR report that is the basis for Susan Schwab's recent criticisms of China's trade policy.
Trachtman 12 Dec 2006 1 min read

Food for Thought

The Economist has an excellent article this week about food politics.  What I liked about it was that it brings the technical legal issues from the GMOs and other similar cases into a real world context.  Much of the debate in trade law circles involves government regulation, as well as
Simon Lester 11 Dec 2006 2 min read

Definition of "Conflict"--Domestic Analogy

In a case about to be heard by the U.S. Supreme Court, Credit Suisse v. Billing, an issue of conflict between regulatory regimes will be addressed.  The two regimes are the U.S. antitrust laws and the U.S. securities laws.  The type of conflict is that the U.
Trachtman 08 Dec 2006 1 min read

Interreality Economic Law

See the cool post by Roger Alford at Opinio Juris.  It'll make your head spin.
Trachtman 07 Dec 2006 1 min read

Yet More EC-Biotech Comments!

Yesterday I happened to hear a lecture about the "Protection of family property against creditors in the enlightenment era court of chancery". Nothing to do with GMOs, but listening to a learned analysis of late 18th century jurisprudence made me wonder - what would future generations, say, in
Tomer Broude 07 Dec 2006 2 min read

Is The Oxford English Dictionary one of the "covered agreements." ?

In its recent post on  Posner and the Rule of WTO Law,  Simon Lester underlines that the “mere mention of "policy preferences" seems to set people in the WTO on edge. This stems from a  fact long ago underlined by Hudec that WTO  activity intrudes upon domestic regulatory
Marc Benitah 05 Dec 2006 1 min read

Posner and the Rule of (WTO) Law

In an early post on this blog, Joel cited some articles by and about Judge Richard Posner, and noted that while Posner accepts that there are limits, he refuses to accept a clear line between interpretation and policy-making.  This line is, if not the definition of the "rule of
Simon Lester 05 Dec 2006 4 min read

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AOC on Foreign Policy and Trade Policy

AOC spoke on a couple panels last week at the Munich Security Conference and also spoke at the Technische Universität Berlin, and this European trip was widely seen as a move to establish some foreign policy credentials for a presidential run.
17 Feb 2026 12 min read

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

Building on the comparison of trade agreement provisions in my last post, let's take a look at the "enforcement" provisions of the six agreements for which the legal texts have been published.
11 Feb 2026 3 min read

Comparing the Economic and National Security Provisions in the New U.S. Trade Deals

By my count, we now have the legal texts of five Trump administration trade agreements. Will there be enforcement actions under these agreements?
09 Feb 2026 5 min read

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

When he was in Davos last week for the World Economic Forum, U.S. Trade Rep. Jamieson Greer talked a bit about U.S. trade policy history and described a recent period during which, in his view, U.S. trade policy shifted away from tariffs/protectionism and towards free trade.
29 Jan 2026 6 min read

Is this the end of MFN as we know it? The EU submission on WTO reform and the meaning of development

With the release of the EU submission on WTO reform, it has become clear that the MFN principle’s central role within the WTO architecture is under challenge. As a keystone, it risks the entire bridge falling. Even if the foundations are retained but deemed outdated or unusable, and a
23 Jan 2026 3 min read

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