Domestic Regulation and Service Trade Liberalization

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Domestic Regulation and Service Trade Liberalization

Related Content. This unique series offers the reader a comprehensive, bilingual analysis on a case-by-case basis of the jurisprudence of the WTO. Each case study contains: a synopsis and details of the case in question, and important bibliographical references; these are followed by a summary of the facts and procedure, claims of the parties, findings of the panel, issues raised in the appeal, conclusions of the appellate body and scholarly observations.

Each case is analyzed by a different scholar in the field, so as to ensure the involvement in the series of the widest range of English and French speaking scholars and practitioners.

This approach to the case-law gives the reader a complete and objective account of the reasoning of the dispute resolution mechanism, including numerous quotes in italics when they are extracted from the case in question, for ease of reference , while at the same time offering a critical perspective, which analyses the reasoning adopted and places it in a global perspective.

The volumes are organized chronologically, and the cases of a particular year are usually covered in two consecutive volumes. So far the case law of the following years has been published: "; ; ". More recent years and the intervening years will soon be published.

North America

Technical standards are increasingly determining the development, production, trade in and marketing of goods and services. In order to ensure that technical regulations and product standards which vary from country to country do not create unnecessary obstacles to trade the Agreement on Technical Barriers to Trade was adopted during the Uruguay Round.

It is paralleled by the Agreement on Sanitary and Phytosanitary Measures which sets out the basic rules on how governments can apply food safety as well as animal and plant health measures without, however, using them as an excuse for protecting domestic producers. This volume gives a detailed account of the necessary parameters for technical standards and measures seeking to protect health and environment.

GATS liberalization may conflict with human rights obligations

The article by article commentaries draw from a considerable body of case law, the work by the TBT and SPS Committee and the relevant legal literature. Attention is given to substantive requirements as well as the necessary standard setting procedures. Apart from a thorough analysis of the relevant and most recent jurisprudence including the Biotech Panel Report the commentary seeks to give answers to newly emerging issues, such as special needs of developing countries. It is an indispensable tool for practitioners and academics working in this field of WTO law.

Critics of trade liberalization claim that the policy can cost jobs because cheaper goods will flood the nation's domestic market. Critics also suggest that the goods can be of inferior quality and less safe than competing domestic products that may have undergone more rigorous safety and quality checks. The outcome of trade liberalization and the resulting integration among countries is known as globalization.

Introduction to trade liberalisation and barriers to trade

Increased competition from abroad as a result of trade liberalization creates an incentive for greater efficiency and cheaper production by domestic firms. There may also be a financial and social risk if products or raw materials come from countries with lower environmental standards. This challenge can stifle established local industries or result in the failure of newly developed industries there. Critics believe that trade liberalization costs jobs and depresses wages. Proponents believe it spurs competition and growth.

Documents & Reports

The agreement eliminated the tariffs on products that were traded among the three countries. The three governments also hoped that the trade deal would improve Mexico's economy.

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Over time, regional trade tripled, and cross-border investment increased among the countries. However, President Donald J. Trump considered the agreement detrimental to U. In October , the Trump administration negotiated an updated pact, the U. However, economists also say that other factors may also have contributed to these outcomes, such as technological change and extended trade with China. Critics of NAFTA argue that the agreement caused job losses and wage stagnation in the United States because companies moved their production to Mexico to take advantage of lower labor costs.

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