This short course focuses on the challenges to liberalizing international trade in light of the failure of the WTO’s Doha Development Round of international trade negotiations. After a brief introduction to the GATT/WTO system, it examines the alternatives to the “single undertaking” GATT/WTO negotiations which have provided the world’s principal vehicle for trade liberalization since 1947. The readings and discussions will be divided into four broad areas:
1) Limited initiatives that may still be feasible in the WTO;
2) So-called “plurilateral” agreements, such as those related to government procurement, information technology and, most recently, services;
3) Customs unions and free trade agreements, including those that exist today and can be deepened, and new initiatives such as the Trans-Pacific Partnership (TPP) and the Trans-Atlantic Trade and Investment Partnership between the U.S. and the EU; and
4) National actions designed to liberalize trade and encourage investment through reducing tariffs and making it easier to do business in such nations as Chile, Colombia, Mexico and Peru.
Political and economic policy as well as legal considerations will be addressed.
Required: David A. Gantz, Liberalizing International Trade after Doha: Multilateral, Plurilateral, Regional and Unilateral Approaches (Cambridge University Press, forthcoming August 2013). See http://www.cambridge.org/gb/knowledge/isbn/item7241140/The%20World%20Trading%20System%20after%20Doha/?site_locale=en_GB.
Various supplemental documents and updates made available on the Forum.
One, an outline relating to a simulated TPP negotiating session
|Type of Exam||
Essay-type, take home final exam
|Basis for grading||
Examination and class discussion; Class discussion and attendance counts for up to 20% of grade.
The course should provide a good introduction to the world trading system and the network of legal agreements that governs that system.