Slamming the Door on Trade Policy Discretion? The WTO Appellate Body\u27s Ruling on Market Distortions and Production Costs in EU—Biodiesel (Argentina)

This paper presents a legal-economic analysis of the Appellate Body′s decision in EU-Biodiesel (Argentina) that the WTO′s Anti-Dumping Agreement (ADA) does not permit countries to take into account government-created price distortions of major inputs when calculating anti-dumping duties. In this case, the EU made adjustments to the price of biodiesel′s principal input - soybeans - in determining the cost of production of biodiesel in Argentina. The adjustment was made based on the uncontested finding that the price of soybeans in Argentina was distorted by the existence of an export tax scheme that resulted in artificially low soybean prices. The Appellate Body found that the EU was not permitted to take tax policy-induced price distortions into account in calculating dumping margins. We analyze the economic rationale for Argentina′s export tax system, distortions in biodiesel markets in Argentina and the EU, and the remaining trade policy options for addressing distorted international prices. We also assess whether existing subsidies disciplines would be more effective in addressing this problem and conclude that they would not

An introduction to the WTO and GATT

This article reviews the history of GATT and the WTO. It discusses the founding principles of the post-WW II world trading system--reciprocity and nondiscrimination. Lastly, the article reviews the economics literature on regional trade agreements and administered protection, two important exceptions to GATT's requirement in trade policy.General Agreement on Tariffs and Trade (Organization) ; World Trade Organization

Understanding the great trade collapse of 2008–09 and the subsequent trade recovery

This article documents the Great Trade Collapse of 2008–09, as well as the dramatic recovery in trade of 2009–10. The authors consider how three distinct policy actions — fiscal stimulus, funding for trade finance and a commitment to refrain from increasing trade barriers — might have affected both the collapse and recovery.Gross domestic product ; Trade ; Recessions

A spatial analysis of agriculture in the Republic of Ireland, 1991 to 2000

End of year projectBy linking farm census and administrative data from the CSO and DAF to a geographic information system and analysing the mapping output, this project shows the continued broad division of farming in the state into marginal farming areas in the north and west and more commercial farming areas in the south and east. While this division was compounded by the 1992 CAP reforms, and commercial farming became more spatially concentrated over the 1990s, the influence of the development in the non-farm economy, particularly in peri-urban rural areas across the state, provided local drivers of change that encouraged enterprise substitution to beef production, the farming system most readily combined by farm holders with another job. A full report on the mapping output will be produced in a forthcoming publication (see publications list)

China's export growth and the China safeguard : threats to the world trading system ?

Is there evidence from China's pre-WTO accession period that newly imposed U.S. or EU import restrictions deflect Chinese exports to third markets? The authors examine this question by drawing on a newly constructed data set of U.S. and EU product-level import restrictions on Chinese trade imposed between 1992 and 2001 and estimate their impact on Chinese exports to 38 alternative markets. There is no systematic evidence that the import restrictions imposed during this period resulted in Chinese exports surging to such alternate destinations. To the contrary, there is weak evidence of a chilling effect on China's exports to third markets.Free Trade,Economic Theory&Research,Trade Policy,Trade Law,Markets and Market Access

Alien Registration- Crowley, Clara A. (Wells, York County)

https://digitalmaine.com/alien_docs/6301/thumbnail.jp