International Economic Law and Policy Blog (Page 51)

International Economic Law and Policy Blog

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Friend-shoring

Friend-shoring. Secretary Yellen’s remarks of April 13, 2022 spoke of “friend-shoring” – a commitment to work with countries that “have strong adherence to a set of norms and values about how to operate in the global economy and about how to run the global economic system.” Friend-shoring is not new.

Two Recent Developments in DSU Article 25 Arbitration Arrangements

Are we getting closer to the day when DSU Article 25 arbitration is used for WTO dispute settlement appeals, either through the MPIA or outside of it? I have a theory that a successful use of this alternative appeal mechanism could create the incentive for Appellate Body reform, but that&

Some Questions about the U.S. Law Suspending Normal Trade Relations Treatment with Russia and Belarus

On Thursday, both the House and the Senate voted to pass the "Suspending Normal Trade Relations with Russia and Belarus Act" (HR 7108), and President Biden signed it into law on Friday. It looks to me, but correct me if I've missed something in the fine

Katherine Tai on the Critics

This is from a Katherine Tai interview with Bloomberg TV anchor Haslinda Amin: Amin: You've been criticized for your trade policy, some say that it lacks ambition, some say you've not done enough to bring cost down for American companies. What do you make of those

Misunderstandings on the Nature of Today's Globalization

I'm always up for a good debate about trade and globalization, so when the folks at American Compass asked me to comment on some of their recent work, I agreed to do so. American Compass is run by Oren Cass, a former Mitt Romney adviser who has moved

The WTO must deliver on PM Mottley’s message … and on the next-generation version of itself! Post by Jan Yves Remy

This post is by Jan Yves Remy, Director of the Shridath Ramphal Centre At a time when all is not well with international economic relations, a message of inclusiveness, equity and morality in trade appears to have resonated strongly in a room at the World Trade Organization (WTO) packed to

Waiving Russia Adieu in the WTO? Post by Tomer Broude

This post is by law professor Tomer Broude of the Hebrew University of Jerusalem With the Russian Federation’s invasion of Ukraine now about to enter its second month, concerns not only for the fate of civilians are rising, but also for democracy and the international rule of law. There

Prospects for the Green Steel Deal

The Roosevelt Institute held a webinar on Tuesday entitled "Green Steel Deal: A Transformative Trade Policy for Our Economy & Environment." I remain skeptical about this approach to reducing carbon emissions, but nevertheless I am following it with interest. U.S. Trade Rep. Katherine Tai offered remarks at

USMCA Panel Composition in Autos ROO Dispute Announced

A third USMCA Chapter 31 state-state dispute is underway, with the panel having been composed in the Autos Rules of Origin dispute on March 22. There are five panelists on this one (which differs from the three panelists on the previous two cases): * Mr. Elbio Rosselli – Chairperson; * Ms. Kathleen Claussen

Katherine Tai on Beating Regulatory Systems Into Submission

During a press conference at the conclusion of the Dialogue on the Future of Atlantic Trade today, U.S. Trade Rep. Katherine Tai said this: Let us talk through and ask ourselves new sets of questions, not how do I beat your regulatory system into submission, or ... fend off your