International Economic Law and Policy Blog (Page 523)

International Economic Law and Policy Blog

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Blogfluential?

The U.S., in a document delivered to the WTO on May 9, cites our humble blog. You can't buy this kind of publicity. Of course, the U.S. cites the blog to underscore that even those (Sungjoon Cho) who don't like zeroing believe the decision

Lamy on Coherence, etc.

In an unusually law-intensive and wonderfully bilingual speech (evidencing a great command of the WTO jurisprudence) given at an ESIL meeting at the Sorbonne, Pascal Lamy made the following comments The lack of coherence of our international legal system is amplified by the relative power of the WTO and in

More on the Regulatory Clash of Titans

In its Archer Daniels Midland decision yesterday, C-397/03 P,on appeal from the Court of First Instance, the ECJ decided that there is no obligation on regulators to avoid "double-fining": 50 Next, referring to paragraph 11 of Wilhelm and Others, the Court of First Instance held in

China-Australia FTA Immigration

Today's WSJ reports that within the context of its FTA negotiations with Australia, China is negotiating for commitments regarding market access for unskilled labor. This may be understood as the bilateralization of current Mode 4 negotiations in the WTO GATS. The U.S. has addressed labor market access

History Recommences in Ecuador

As much of Latin America moves to the left (albeit in varied ways), the latest action is in Ecuador. The government has purported to cancel its contract with U.S. multinational Occidental Petroleum in response to an alleged breach by Occidental. The USTR has said this appears to constitute a

Closing Softwood Loopholes?

Inside U.S. Trade reports that part of the softwood lumber settlement requires the U.S. and Canada to suspend the application of NAFTA Chapter 11 (the investment chapter, giving private rights to investors). Apparently the idea is that two parties (the U.S. and Canada) can suspend this part

Good Morning, Vietnam

Today's WSJ reports that Vietnam has finally reached a bilateral agreement with the U.S., its largest export market. This agreement should pave the way for Vietnam's accession to the WTO, as Vietnam's bilateral negotiations are incorporated in a protocol of accession. It will

The (Regulatory) Clash of Titans?

There has been a growing tenstion between the U.S. and the EU over their diverging regulatory stances over various issues, such as GM food, which have negatively affected the transatlantic trade. This tenstion is likely only to be intensified as the EU is enlarged. See Washington bridles at EU

Justice and Growth

I've been attending a conference at the Kennedy School at Harvard on Equality in the New Global Order. Most of the other attendees are philosophers, with a few economists and a couple of lawyers. Dani Rodrik spoke yesterday, focusing on growth. His main argument, as is well known,

Export Restrictions: The Missing Disciplines

A student of mine has just submitted an interesting paper on the economic effects of, and legal disciplines on, export restrictions. The case he has in mind is Chinese coke. It appears that export restrictions have trade distorting effects symmetric with import restrictions. Of course, export prohibitions are illegal under