The WTO allows its members to retaliate in the face of continued
non-compliance. After more than ten years' operation and ten
arbitration disputes, this volume assesses the law, economics and
politics of trade sanctions in WTO dispute settlement. Including
more than thirty contributions from leading academics, trade
diplomats and practitioners, it offers a thorough analysis of the
legal rules on permissible WTO retaliation as well as an assessment
of the economic rationale and calculations behind the mechanism. In
addition, it provides first hand experiences of those countries
that have obtained WTO authorisation to retaliate, ranging from the
United States and the EC to Mexico and Antigua. In this assessment,
the question of how to make the system work also for small
countries is paramount. Finally, the volume spells out lessons that
could be learned from related fields such as remedies for
non-compliance in investment arbitration and competition or
anti-trust regimes.
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