International Economic Law and Policy Blog (Page 55)

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Follow-Up on the First DSU Article 25 Appeal

Following up on my last post, the panel report in DS595, EU - Steel Safeguards, was circulated on Friday, which, by the terms of the Article 25 Agreed Procedures in the dispute, means that the parties will not appeal, either through the normal method or the Article 25 alternative. That

The First DSU Article 25 Appeal

Last week, I said this in a post: In the DS583 case, Turkey - Pharmaceutical Products, a communication from the Panel indicates that the Panel had issued its final report to the parties on November 11, 2021, with circulation to the Members (and public) scheduled to take place "as

What Does Bob Lighthizer Think of the Trump Administration's Trade Policy?

On his TV show, former Trump administration official Larry Kudlow was talking to Trump's U.S. Trade Representative Bob Lighthizer about various trade issues, including whether Lighthizer thought the Trump administration's China trade policy was successful. Not surprisingly, Lighthizer thought this policy was quite good, even

Event: Sustainable Finance in European Jurisdictions

This is from the Ferenc Mádl Institute of Comparative Law: Sustainable Finance in European JurisdictionsApril 29 @ 09:00 - April 30 @ 14:30 The necessary path to a carbon-free economy will only be achievable with a fundamental transformation of essential sectors. Above all, there is a need to channel private

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