Full Description
Examining the rules laid down by the World Trade Organization (WTO), Yong-Shik Lee covers key challenges in the interpretation and application of safeguard measures in this updated fourth edition. With new discussions on what determines safeguard measures, this book presents unique proposals for extensive regulatory reform.
Chapters consider the effects of recent shifts in the international trading system, including the failure of the Doha Round, the continuing proliferation of regional trade agreements, and the incapacitation of the WTO Appellate Body. Lee updates discussions on development issues in the context of safeguard measures, drawing on in-depth explorations of both national and WTO policies.
Key Features:
Provides comprehensive coverage of WTO, US, and EU rules on safeguards
Critically examines the impact of safeguards on the normal stream of trade and the objectives of the WTO
Discusses the need for emergency safeguard measures under the General Agreement on Trade in Services
Examines other emergency import restrictions such as special safeguard measures
Reviews the relationship between regional trade agreements and safeguard measures
Draws lessons from past applications of safeguard measures
This fourth edition continues to be a crucial resource for scholars and practitioners in international economic and trade law. National policy makers, negotiators, international organizations, and businesses will also benefit from this authoritative analysis of global safeguard measures.
Contents
Contents
About the author
Preface to the Fourth Edition
PART I DEVELOPMENT OF INTERNATIONAL RULES ON SAFEGUARDS
1 Politics and economics of safeguard measures
2 GATT Article XIX and negotiation of the Agreement on Safeguards
PART II AGREEMENT ON SAFEGUARDS
3 Article XIX and Agreement on Safeguards
4 Article 2 - general conditions
5 Article 4 - injury and causation
6 Procedural requirements
7 Application of safeguard measure
8 Compensation and retaliation
PART III OTHER SAFEGUARD PROVISIONS
9 Remaining issues
10 Discussions on safeguard measures in the service trade: GATS Article X
11 Other emergency import restrictions in the WTO
12 National/regional rules on safeguards
13 Regional trade agreements and safeguard measures
PART IV SAFEGUARD REGIME: PRESENT AND FUTURE
14 Lessons to remember
15 Future perspective and conclusion
Bibliography
Appendix 1: Statistics on safeguard measures
Appendix 2: Text of GATT Article XIX
Appendix 3: Text of the Agreement on Safeguards
Appendix 4: Proposed modification of the Agreement on Safeguards
Appendix 5: Proposed text of the Rules on Emergency Safeguard Measures
Appendix 6: Application of safeguards - the checklist
