International Trade Flashcards
ideology of free trade
promotes understanding, respect, interchange
roots in 18c capitalism
two major tenant of international trade law
doctrine of national treatment -central principle - cannot discriminate between your nationals and foreign nationals on manufacture, distribution or sale of “like” products
Doctrine of most favored nation - aspirational - treat your best friend nation the same as everyone else
Challenges to free trade
- economic - tension between maximizing profits and burden on common good
- emotional - protectionism
two kinds of protectionism
tariffs - customs duty, tax, fine at border
non-tariff barriers - quotas on foreign products, domestic subsidies, process-based concern
principles of free trade
transparency - need to explain why product is banned and how to conform
skepticism of unilateralism - addressed through treaties
imperfection - trend towards fewer barrier
responses to the centering of trade
- customs unions - harmonize economies
- free trade zones - concerted effort to lower trade barriers
Defenses to breach of GATT
environment, human health, national security
Remedies to breaches of international trade
- specific performance - remove/amend measure
- retaliation - if state does not change laws, adopt domestic legislation that has similar impact on offending state
Dispute settlement under Ch 11 NAFTA
specific settlements for specific infractions
Steps of dispute settlement under Ch 20 NAFTA
- state demands consultation
- if that doesn’t work, then meeting of NAFTA commission
- if that doesn’t work, request arbitration - creates report
- implement final report
- if no compliance then retaliation
Five protections under NAFTA ch 11
1) national treatment
2) most favored nation
3) minimum standard of treatment - fair and equitable treatment under customary international law, no egregious, shocking, outrageous treatment
4) performance requirements
5) ban on expropriation - bans direct or indirect takings, impermissible unless public purpose, due process, non-disc basis, compensate for econ loss
Pressure points pushing convergence of common law and civil law
- growing role of constitutionalization in civil law societies
- reaction to inaccessibility in common law - codifying, regulating
- civil law - legislature can’t always keep up with new tech and developments
Amparo
like a writ - indiviudal can access court room for judicial review of legislation/government action
3 kinds of Amparo
direct - challenges court decision
indirect - challenges official conduct and decisions made by state authority
against a law - constitutionality of a law in the absence of official action