International Economic Law and Policy Blog (Page 52)

International Economic Law and Policy Blog

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Guest Post: Transforming World Trade and Investment Law for Sustainable Development?

This is a guest post from Prof. Ernst-Ulrich Petersmann, European University Institute Florence The geopolitical conflicts and related trade wars (eg against China and Russia), climate change and other environmental disasters, global health and food crises, Russia’s military invasions and war crimes in Ukraine confront the UN and WTO

House Passes Bill Suspending Normal Trade Relations Treatment for Russia and Belarus

After a brief floor discussion, today the House of Representatives passed the "Suspending Normal Trade Relations with Russia and Belarus Act" (H.R. 7108) with a vote of 424-8. The full text is here. A summary is here. In terms of comparisons to previous legislation in this area,

Guest Post: The Imitation Game: Recent Developments on Transnational Subsidies and Anticircumvention in Europe and the United States

This is a guest post by Victor Crochet* (trade lawyer and PhD candidate at Cambridge University) & Vineet Hegde (Doctoral Researcher at the Leuven Centre for Global Governance Studies, KU Leuven) Over the past few years, Western countries, and in particular, the European Union (“EU”), have been trying to rein

U.S. Legislation on MFN Withdrawal for Russia (and Belarus) May Finally Be Moving Forward

After lots of fits and starts, it looks like the U.S. (and others) will join Canada and withdraw MFN treatment for Russian and Belarusian imports. President Biden discussed this at a press conference today. Here are some of the key points he made: As Putin continues his merciless assault,

Questions about the 1982 Decision and Article XXI of the GATT

In 1982, the contracting parties adopted a Ministerial Declaration to take seriously the consideration of 'non-economic' trade measures. On 30 November 1982, the contracting parties adopted the Decision Concerning Article XXI of the General Agreement (the 1982 Decision) which set out some basic procedural guidelines for the application

House Approves Russian Energy Ban and Push for Russian WTO Suspension, But No U.S. MFN Withdrawal for Russia Yet

Late last night, the House passed a bill that would suspend Russian energy imports, but the bill had a proposed MFN withdrawal provision taken out (at the request of the White House apparently, although the reasons for this are not completely clear to me, as I've heard competing

Ukraine and Russia at the WTO

Thanks to Bryce Baschuk of Bloomberg, who posted the documents on Twitter, we have a letter written by Ukraine to the Chair of the WTO General Council regarding cutting of trade with Russia, and a letter Russia wrote in response. It's the trade response of other countries to

Fixing the WTO Dispute Settlement Crisis Requires U.S. Reform Proposals

Here's an excerpt from a short piece I wrote for IISD Trade and Sustainability Review about the WTO dispute settlement crisis: ... the key here, regardless of whether it is the Appellate Body specifically or dispute settlement more generally [that the U.S. is concerned with], is to make

Senators Brown and Cassidy Introduce No Most Favored Nation Trading with Russia Act

U.S. Senators Sherrod Brown (D-OH) and Bill Cassidy (R-LA) have introduced the No Most Favored Nation Trading with Russia Act "to revoke Russia’s most-favored-nation status." The full text is here (and here). It is mostly identical to the Blumenauer/Doggett bill discussed here, so no need

Canada Revokes MFN Status of Russia and Belarus

Legislating and regulating seems much easier in parliamentary systems. As the U.S. starts considering the competing Russia MFN withdrawal bills I've been discussing the past couple of days, Canada just went ahead and withdrew the MFN status of Russia and Belarus. This is what Deputy Prime Minister