Safeguard Measures in World Trade : The Legal Analysis- Second Edition
Readers may expect from this book comprehensive coverage on safeguards to date with legal analysis of the important issues in the interpretation and application of the current rules on safeguards. The author also proposes modifications to enhance and clarify the discipline of safeguards. The crucial issues raised include the following:
- economic and political justifications of safeguards;
- applicability of GATT Article XIX;
- interpretation and application of the Agreement on Safeguards, including non-discriminatory application of safeguards and justification of safeguards-in-response;
- transitional product-specific safeguard measures against China; and
- emergency safeguards to trade in services.
The focus of the book is on the WTO Agreement on Safeguards, as interpreted by WTO Panel and Appellate Body reports in key cases, including Korea Dairy Products, Argentina Footwear, United States Wheat Glutten, United States Lamb Meat, Chile Price Band System, United States Line Pipe and United States Steel Products. Dr. Lee summarizes the various key findings and provides lucid and well-balanced analysis of these reports. Other WTO rules considered include GATT Articles XIX, XII, and XVIII; the Understanding on Balance of Payments of the GATT 1994; the Agreement on Agriculture; the Agreement on Textile and Clothing; Article XII of the General Agreement on Trade in Services (GATS); and the Protocol on the Accession of the People's Republic of China.
Safeguard Measures in World Trade comes at a time when safeguard measures continue to mount in various parts of the world and a possible domino effect can destabilize the international trading system. It will be of inestimable value to government officials, trade lawyers, international business people, and academics in trade law and related fields.
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- Preface. Acknowledgments. Part I. Development of International Rules on Safeguards. 1. Politics and Economics of Safeguard Measures. 2. GATT Article XIX, the Escape Clause. 3. Negotiations of the Agreement on Safeguards. Part II. Rules on Safeguards. 4. WTO Agreement on Safeguards. 5. Discussions on Safeguard Measures in Service Trade: GATS Article X. 6. Other Emergency Import Restrictions. 7. National/Regional Rules on Safeguards. Part III. Legal Issues in Application of Safeguards. 8. Preliminary Issues. 9. General Conditions for Application of Safeguards. 10. Determination of Appropriate Measure. 11. Procedural Requirements. 12. Compensation and Retaliation. 13. Lessons to Remember: US Steel Safeguard Case. 14. Future Perspective and Conclusion. Appendices: 1. Statistics on Safeguard Measures. 2. Text of GATT Article XIX. 3. Text of the Agreement on Safeguards. 4. Proposed Modification of the Agreement on Safeguards. 5. Proposed Text of the Rules on Emergency Safeguard Measures. 6. Application of Safeguards-The Checklist. References. Index.