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International Econ Law & Policy Blog

International Economic Law and Policy Blog

“A weblog dedicated to current developments and scholarship in the field of international economic law and policy.”

October 1, 2014, 1:43 pm, 1344507

This is from the officially released CETA text (p. 184):

Annex X: Public Debt

1. No claim that a restructuring of debt issued by a Party breaches an obligation under Sections [Non-Discriminatory Treatment, Investment Protection] may be submitted to, or if already submitted continue in, arbitration under Section 6 [Investor-State Dispute ...

October 1, 2014, 9:43 am, 1344360

I've heard it suggested that opening up developing country tobacco markets to foreign competition will mean lower prices and greater consumption.  But is that true?  This article calls this into question:

For more than two decades, public health scholars and proponents have demonstrated concern about the negative effects of ...

October 1, 2014, 9:43 am, 1344359

This is from the U.S. dairy industry:

The text of the European Union-Canada Comprehensive Economic and Trade Agreement (CETA) released at the end of last week contains provisions on geographical indications (GIs) and reallocates a portion of the World Trade Organization tariff rate quota for cheese to the EU. ...

September 29, 2014, 7:43 pm, 1343294

For those of you who may have missed this interesting free new publication by the WTO, I point out " The History and Future of the World Trade Organization" by Craig VanGrasstek. It can be downloaded HERE for free as PDF.

I looked through it, and I was surprised to see that it reads ...

September 29, 2014, 11:43 am, 1342992

I've been watching the confirmation hearing for Cecilia Malmström as the next EU trade commissioner.  It was really very interesting.  Much more detailed questions and answers than we usually see in U.S. congressional hearings.

She suggested that she was open to the possibility of excluding ISDS from TTIP, but seemed mostly to ...

September 28, 2014, 11:43 am, 1342557

From WTO DG Roberto Azevedo:

Some years ago there was a proposal to increase the number of AB members.

Under the current situation the 7 member AB can handle around 10-12 appeals at most per year. That’s stretching the envelope. And this is with AB Members working almost full-time. This ...

September 28, 2014, 9:43 am, 1342520

From WTO DG Roberto Azevedo:

... there are many big issues which can only be tackled in an efficient manner in the multilateral context through the WTO.

Trade Facilitation was negotiated successfully in the WTO because it makes no economic sense to cut red tape or simplify trade procedures at ...

September 24, 2014, 1:43 pm, 1340619

Trade law is famous for its "sin" tax cases, on products such as alcohol and tobacco.  But the list of "sins" out there keeps growing.  There is sugar, there is junk food in general, and yes, now we have hamburgers.  This is from the FT:

Anyone following events in ...

September 24, 2014, 9:43 am, 1340449

Apparently, there is not enough crime in the Netherlands to fill their prisons, so they are looking elsewhere for occupants.  At the same time, the Norwegians are facing a shortage of prison space due to "renovations." (Granite countertops in the kitchens?)  Luckily, international trade has come to the rescue.  This ...

September 22, 2014, 9:43 am, 1339100

Last week, I was complaining about an attempt to defend ISDS by someone who did not seem aware of how investment obligations work.  In contrast, here is someone who gets it right:

What investment treaties typically do is offer investors (in either direction) reciprocal guarantees of basic ...