WTO Safeguards And Trade Liberalization: Lessons From The Argentine Footwear Case
The footwear case provides an example of the complexities of World Trade Organization (WTO) rules on the use of safeguards, and of the interaction of multilateral and regional processes of liberalization. As a result both of Argentina's unilateral liberalization and the removal of barriers with...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2005
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| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | The footwear case provides an example of the complexities of World Trade Organization (WTO) rules on the use of safeguards, and of the interaction of multilateral and regional processes of liberalization. As a result both of Argentina's unilateral liberalization and the removal of barriers within Mercosur, imports of footwear increased rapidly. As Mercosur provides no intra-regional safeguard mechanism, the government of Argentina responded by applying import relief and WTO safeguards against third countries. The WTO Dispute Settlement Body addressed these measures and as a consequence, Argentina dismantled most of them, leading to four main conclusions: The jurisprudence of the WTO's Appellate Body has created serious uncertainty as to when a country can use safeguards. This does not contribute to the political balance that has to be maintained when developing countries implement trade liberalization programs. In fact, it detracts from this crucial goal. It is an error to negotiate ambiguous multilateral agreements on the expectation that the WTO Dispute Settlement mechanism will clarify them. An overvalued currency heightened the industry's problems. In the case of footwear, the decline in imports following the recent devaluation was more important than that following the implementation of earlier relief measures. The political economy of liberalization also indicates the need for regional agreements to include adequate transition mechanisms that will facilitate adjustment to free trade and to maintain support for it |
| Beschreibung: | 1 Online-Ressource (37 Seiten)) |
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| 520 | 3 | |a The footwear case provides an example of the complexities of World Trade Organization (WTO) rules on the use of safeguards, and of the interaction of multilateral and regional processes of liberalization. As a result both of Argentina's unilateral liberalization and the removal of barriers within Mercosur, imports of footwear increased rapidly. As Mercosur provides no intra-regional safeguard mechanism, the government of Argentina responded by applying import relief and WTO safeguards against third countries. The WTO Dispute Settlement Body addressed these measures and as a consequence, Argentina dismantled most of them, leading to four main conclusions: The jurisprudence of the WTO's Appellate Body has created serious uncertainty as to when a country can use safeguards. This does not contribute to the political balance that has to be maintained when developing countries implement trade liberalization programs. In fact, it detracts from this crucial goal. It is an error to negotiate ambiguous multilateral agreements on the expectation that the WTO Dispute Settlement mechanism will clarify them. An overvalued currency heightened the industry's problems. In the case of footwear, the decline in imports following the recent devaluation was more important than that following the implementation of earlier relief measures. The political economy of liberalization also indicates the need for regional agreements to include adequate transition mechanisms that will facilitate adjustment to free trade and to maintain support for it | |
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Datensatz im Suchindex
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| index_date | 2024-07-03T22:27:47Z |
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| language | English |
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| spelling | Baracat, Elias Verfasser aut WTO Safeguards And Trade Liberalization Lessons From The Argentine Footwear Case Baracat, Elias Washington, D.C The World Bank 2005 1 Online-Ressource (37 Seiten)) txt rdacontent c rdamedia cr rdacarrier The footwear case provides an example of the complexities of World Trade Organization (WTO) rules on the use of safeguards, and of the interaction of multilateral and regional processes of liberalization. As a result both of Argentina's unilateral liberalization and the removal of barriers within Mercosur, imports of footwear increased rapidly. As Mercosur provides no intra-regional safeguard mechanism, the government of Argentina responded by applying import relief and WTO safeguards against third countries. The WTO Dispute Settlement Body addressed these measures and as a consequence, Argentina dismantled most of them, leading to four main conclusions: The jurisprudence of the WTO's Appellate Body has created serious uncertainty as to when a country can use safeguards. This does not contribute to the political balance that has to be maintained when developing countries implement trade liberalization programs. In fact, it detracts from this crucial goal. It is an error to negotiate ambiguous multilateral agreements on the expectation that the WTO Dispute Settlement mechanism will clarify them. An overvalued currency heightened the industry's problems. In the case of footwear, the decline in imports following the recent devaluation was more important than that following the implementation of earlier relief measures. The political economy of liberalization also indicates the need for regional agreements to include adequate transition mechanisms that will facilitate adjustment to free trade and to maintain support for it Online-Ausg Appellate Body Currencies and Exchange Rates Dispute Settlement Dispute Settlement Body Dispute Settlement Mechanism Economic Theory and Research Emerging Markets Exchange Rate Finance and Financial Sector Development Free Trade Import Relief International Economics & Trade International Trade Law and Development Liberalization Of Trade Macroeconomics and Economic Growth Multilateral Agreements Policy Research Private Sector Development Public Sector Development Regional Agreements Regional Integration Regional Integration Agreements Regional Trade Safeguard Measures Trade Trade Barriers Trade Law Trade Liberalization Trade Policy World Trade Organization Baracat, Elias Sonstige oth Nogues, Julio J. Sonstige oth Baracat, Elias WTO Safeguards And Trade Liberalization http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3614 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Baracat, Elias WTO Safeguards And Trade Liberalization Lessons From The Argentine Footwear Case Appellate Body Currencies and Exchange Rates Dispute Settlement Dispute Settlement Body Dispute Settlement Mechanism Economic Theory and Research Emerging Markets Exchange Rate Finance and Financial Sector Development Free Trade Import Relief International Economics & Trade International Trade Law and Development Liberalization Of Trade Macroeconomics and Economic Growth Multilateral Agreements Policy Research Private Sector Development Public Sector Development Regional Agreements Regional Integration Regional Integration Agreements Regional Trade Safeguard Measures Trade Trade Barriers Trade Law Trade Liberalization Trade Policy World Trade Organization |
| title | WTO Safeguards And Trade Liberalization Lessons From The Argentine Footwear Case |
| title_auth | WTO Safeguards And Trade Liberalization Lessons From The Argentine Footwear Case |
| title_exact_search | WTO Safeguards And Trade Liberalization Lessons From The Argentine Footwear Case |
| title_exact_search_txtP | WTO Safeguards And Trade Liberalization Lessons From The Argentine Footwear Case |
| title_full | WTO Safeguards And Trade Liberalization Lessons From The Argentine Footwear Case Baracat, Elias |
| title_fullStr | WTO Safeguards And Trade Liberalization Lessons From The Argentine Footwear Case Baracat, Elias |
| title_full_unstemmed | WTO Safeguards And Trade Liberalization Lessons From The Argentine Footwear Case Baracat, Elias |
| title_short | WTO Safeguards And Trade Liberalization |
| title_sort | wto safeguards and trade liberalization lessons from the argentine footwear case |
| title_sub | Lessons From The Argentine Footwear Case |
| topic | Appellate Body Currencies and Exchange Rates Dispute Settlement Dispute Settlement Body Dispute Settlement Mechanism Economic Theory and Research Emerging Markets Exchange Rate Finance and Financial Sector Development Free Trade Import Relief International Economics & Trade International Trade Law and Development Liberalization Of Trade Macroeconomics and Economic Growth Multilateral Agreements Policy Research Private Sector Development Public Sector Development Regional Agreements Regional Integration Regional Integration Agreements Regional Trade Safeguard Measures Trade Trade Barriers Trade Law Trade Liberalization Trade Policy World Trade Organization |
| topic_facet | Appellate Body Currencies and Exchange Rates Dispute Settlement Dispute Settlement Body Dispute Settlement Mechanism Economic Theory and Research Emerging Markets Exchange Rate Finance and Financial Sector Development Free Trade Import Relief International Economics & Trade International Trade Law and Development Liberalization Of Trade Macroeconomics and Economic Growth Multilateral Agreements Policy Research Private Sector Development Public Sector Development Regional Agreements Regional Integration Regional Integration Agreements Regional Trade Safeguard Measures Trade Trade Barriers Trade Law Trade Liberalization Trade Policy World Trade Organization |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3614 |
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