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The Law and Economics of International Trade Agreements


ISBN13: 9781802209730
Published: May 2023
Publisher: Edward Elgar Publishing Limited
Country of Publication: UK
Format: Hardback
Price: £140.00
Paperback edition , ISBN13 9781035347391



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From the pen of highly esteemed trade scholar Alan Sykes, this book presents a rigorous introduction to the law and economics of modern international trade agreements.

With a bottom-up approach that requires neither a background in international trade law nor significant economics training, Sykes sets out to map and explain the complex dynamics of international trade agreements and institutions, synthesising legal analysis and cutting-edge economic research in order to present the reader with a sophisticated, holistic view of the field.

Against the backdrop of the current impasse in both negotiation and dispute settlement at the World Trade Organisation, the book charts a clear path from the historical origins of trade law and the international system, to the current state of play, including unpacking the major areas of controversy. It exposits the economic theory of trade agreements, discusses the role of international trade law in domestic legal systems and analyzes the role of self-enforcement and formal dispute resolution mechanisms. It provides lucid and detailed analysis of the restrictions, exceptions, obligations and special measures that constitute the core building blocks of international trade rules, including the distinct features of international trade in services. With an international outlook, the book also addresses the role of China in the world trading system, looking at such issues as the credibility of market access commitments, China's industrial policies, “forced technology transfer” and currency manipulation.

Providing an eloquent, thorough and technically astute overview of international trade agreements, this title will be invaluable to scholars and teachers of international trade across the disciplines of law, economics and political science.

Subjects:
International Trade, Law and Economics
Contents:
1. Introduction to The Law and Economics of International Trade Agreements
2. Economic background: The rationale for trade, the case for liberal trade and its critique, and the economics of trade agreements
3. An introduction to the history and institutions of international trade
4. The interface between national and international trade law
5. Enforcement and dispute resolution
6. Tariffs and quantitative restrictions
7. The most-favored nation (MFN) obligation and exceptions (with a note on state trading enterprises)
8. The national treatment obligation
9. The general and security exceptions
10. Technical barriers to trade and the trade/regulation interface
11. Safeguard measures
12. Antidumping measures
13. Subsidies and countervailing measures, with a note on agriculture
14. Trade in services and GATS
15. China in the world trading system

Index