Abstract

References (53)

Beta

Citations (2)

Beta

One-Click Download | Share | Email | Add to Briefcase

A Renegotiation Perspective on Transatlantic Trade Disputes

Heinz Hauser
University of St. Gallen - Swiss Institute for International Economics and Applied Economic Research

Alexander Roitinger
University of St. Gallen - Swiss Institute for International Economics and Applied Economic Research

April 2002

U of St. Gallen Dept. of Economics Working Paper No. 2002-09

Abstract:
Transatlantic trade disputes seem to be a rising concern. According to the most critical voices, they provoke notable "trade wars" and crucially impair the credibility of the WTO dispute settlement mechanism. In this paper, we suggest that such conclusions are unwarranted. Violation of WTO agreements and non-compliance with Dispute Settlement Body rulings should be considered as an instrument for renegotiation with unique features, providing indispensable flexibility to the world trading system. Such flexibility is necessary because of incomplete contracting and "local" lack of commitment at the time of concluding agreements.

Keywords: Dispute settlement, WTO, non-compliance, trade wars, renegotiation, flexibility, incomplete contracting

JEL Classifications: F02, F13, K33

Working Paper Series

Date posted: October 13, 2002 ; Last revised: October 16, 2002

Suggested Citation

Hauser, Heinz and Roitinger, Alexander, A Renegotiation Perspective on Transatlantic Trade Disputes (April 2002). U of St. Gallen Dept. of Economics Working Paper No. 2002-09. Available at SSRN: http://ssrn.com/abstract=333200 or doi:10.2139/ssrn.333200

Export to: Export Citation What's this?

Contact Information

Alexander Roitinger (Contact Author) University of St. Gallen - Swiss Institute for International Economics and Applied Economic Research ( email ) Dufourstr. 48 CH-9000 St. Gallen Switzerland ++41 71 224 25 78 (Phone) ++41 71 224 22 98 (Fax)
Heinz Hauser University of St. Gallen - Swiss Institute for International Economics and Applied Economic Research ( email ) Dufourstr. 48 CH-9000 St. Gallen Switzerland 41-71-224 23 36 (Phone) 41-71-224 22 98 (Fax)