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"Soft in Wood and Head"

That is the title of the FT's editorial on the softwood lumber settlement.  The FT concludes "In the end, the softwood sata shows the limits of international disputes procedures when the two parties are determined to ignore them and go on slugging it out."  Was the
Trachtman 29 Apr 2006 1 min read

Peace in Our Time (Softwood Lumber)

Today's NYT reports a settlement of the U.S.-Canada lumber dispute.  To say that this dispute has generated a lot of litigation is an understatement.   And I suppose that the fact that the parties were willing to pay for all this litigation suggests that it had an
Trachtman 28 Apr 2006 1 min read

Are Reports of Doha's Death Premature?

It seems that the vultures are beginning to circle Doha.  Given increasing economic arguments that the potential surpluses of a Doha deal (a lot depends on what that deal eventually is!) are not so large, and that only a small portion would be captured by the poor countries, I can&
Trachtman 26 Apr 2006 1 min read

Bretton Woods Redux and IMF Governance

There are two things going on at the IMF. First, the IMF is turning its focus to global trade imbalances.  This suggests a return to the original Bretton Woods vision of coordinated trade and monetary policy.  See the Paul Bluestein story in the Washington Post.  I wonder how the IMF&
Trachtman 26 Apr 2006 1 min read

A Farewell to Zeroing

On April 18, 2006, the Appellate Body (AB) released its decision on the U.S. "zeroing" dispute which the EU initiated. (UNITED STATES – LAWS, REGULATIONS AND METHODOLOGY FOR CALCULATING DUMPING MARGINS ("ZEROING"), WT/DS294/AB/R) http://www.wto.org/english/tratop_e/dispu_e/294abr_
Sungjoon Cho 22 Apr 2006 3 min read

Treaty-Making and Adjudication

SSRN includes a post of a new paper by Daniel Rodriquez and Barry Weingast.  The abstract and reference are below.  The idea is that interest group strategies to expand the scope of regulatory statutes through adjudicative action have backfired:  they have made it difficult for legislators to agree on new
Trachtman 21 Apr 2006 1 min read

Food (Aid) for Thought

The debate on food aid in the agriculture talks is getting interesting beyond the substantive economic issue of the extent to which ostensibly benevolent food aid can/does cause "commercial displacement" in aid-recipient countries. It is becoming, in potentia, another interface between the WTO and non-WTO international organizations.
Tomer Broude 20 Apr 2006 3 min read

Lies, Damn Lies and Immigrants

Sunday's New York Times has a piece by Eduardo Porter commenting on the literature evaluating the effects of immigrants on the wages of low-wage workers in the U.S.  See the excerpts on the Washington Monthly blog. As usual, there are several ways to view the situation of
Trachtman 18 Apr 2006 1 min read

Just when things were going so well. . . .

This from the Wall St. Journal President Bush nominated Trade Representative Rob Portman as the White House budget director, turning to a Washington insider and longtime friend as part of an effort to re-energize the administration and boost the president's record-low approval ratings. Mr. Bush also selected Susan
Trachtman 18 Apr 2006 1 min read

Georgetown Trade Law and Policy Program

From John Jackson, via the ASIL IELG listserve: I am writing to inform you that the Institute of International Economic Law (IIEL) at Georgetown Law has launched a new, non-degree course on WTO law and policy, to be offered as a week-long Academy beginning in Fall 2006.  The dates for
Trachtman 13 Apr 2006 1 min read

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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.
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