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The World Trade Organization (WTO) Agreement covers international commerce in goods and services including measures that directly affect trade, such as import tariffs and quotas, and almost any type of internal measure with an impact on trade. Legal and Economic Principles of World Trade Law contributes to the analysis of the texts of World Trade Law in law and economics, reporting work done to identify improvements to the interpretation of the Agreement. It starts with background studies, the first summarizes The Genesis of the GATT, which highlights the negotiating history of the GATT 1947-8; the second introduces the economics of trade agreements. These are followed by two main studies. The first, authored by Bagwell, Staiger and Sykes, discusses legal and economic aspects of the GATT regulation of border policy instruments, such as import tariffs and import quotas. The second, written by Grossman, Horn and Mavroidis, focuses on the core provision for the regulation of domestic policy instruments - the National Treatment principles in Art. III GATT.
The ALI (American Law Institute) and UNIDROIT (the International
Institute for the Unification of Private Law) are preeminent
organizations working together toward the clarification and
advancement of the procedural rules of law. Recognizing the need
for a universal set of procedures that would transcend national
jurisdictional rules and facilitate the resolution of disputes
arising from transnational commercial transactions, Principles of
Transnational Civil Procedure was launched to create a set of
procedural rules and principles that would be adopted globally.
This work strives to reduce uncertainty for parties that must
litigate in unfamiliar surroundings and to promote fairness in
judicial proceedings. As recognized standards of civil justice,
Principles of Transnational Civil Procedure can be used in judicial
proceedings as well as in arbitration. The result is a work that
significantly contributes to the promotion of a universal rule of
procedural law.
The ALI (American Law Institute) and UNIDROIT (the International
Institute for the Unification of Private Law) are preeminent
organizations working together toward the clarification and
advancement of the procedural rules of law. Recognizing the need
for a universal set of procedures that would transcend national
jurisdictional rules and facilitate the resolution of disputes
arising from transnational commercial transactions, Principles of
Transnational Civil Procedure was launched to create a set of
procedural rules and principles that would be adopted globally.
This work strives to reduce uncertainty for parties that must
litigate in unfamiliar surroundings and to promote fairness in
judicial proceedings. As recognized standards of civil justice,
Principles of Transnational Civil Procedure can be used in judicial
proceedings as well as in arbitration. The result is a work that
significantly contributes to the promotion of a universal rule of
procedural law.
The World Trade Organization (WTO) Agreement covers the vast majority of international commerce in goods and services. The Agreement covers not only measures that directly affect trade, such as import tariffs and import quotas, but potentially almost any type of internal measure with an impact on trade. Thus WTO legal texts are by necessity expressed in vague terms, and in need of continuous interpretation. The overarching aim of the project Legal and Economic Principles of World Trade Law, led by the American Law Institute, is to contribute to the analysis of WTO law in not only law but also economics. This volume reports work done thus far to identify improvements to the interpretation of the Agreement. It starts with two background studies, the first of which summarizes the study The Genesis of the GATT, published by Cambridge University Press in 2008, which highlights the negotiating history of what became the GATT 1947-1948; the second study, coauthored by Gene M. Grossman and Henrik Horn, is an introduction to the economics of trade agreements. These are followed by two main studies. The first, authored by Kyle Bagwell, Robert W. Staiger, and Alan O. Sykes, discusses legal and economic aspects of the GATT regulation of border policy instruments, such as import tariffs and import quotas. The second, written by Gene M. Grossman, Henrik Horn, and Petros C. Mavroidis, focuses on the core provision for the regulation of domestic policy instruments the National Treatment principles in Art. III GATT."
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