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WTO Dispute Settlement and the EU--US Mini Trade Wars: A Commentary on Fritz Breuss

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  • Tim Josling

Abstract

Economic theory suggests that some of the trade remedies allowed by the WTO may lead away from liberal trade and impose costs on those that apply them. Breuss has provided evidence in the case of four EU-US mini-wars that the policy that created the trade conflict was not clearly in the economic interest of the offending country and that the sanctions imposed exacerbated rather than alleviated the problem. Breuss builds a case for compensation payments rather than trade sanctions for rule violations and for targeting of the recipients of those payments.

Suggested Citation

  • Tim Josling, 2004. "WTO Dispute Settlement and the EU--US Mini Trade Wars: A Commentary on Fritz Breuss," Journal of Industry, Competition and Trade, Springer, vol. 4(4), pages 337-344, December.
    • Handle: RePEc:kap:jincot:v:4:y:2004:i:4:p:337-344
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    References listed on IDEAS

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    1. Robert Z. Lawrence, 2003. "Crimes and Punishments?: Retaliation under the WTO," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 372, July.
    2. Timothy E. Josling & Donna Roberts & David Orden, 2004. "Food Regulation and Trade: Toward a Safe and Open Global System," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 347, July.
    3. Fritz Breuss, 2004. "WTO Dispute Settlement: An Economic Analysis of four EU-US Mini Trade Wars," WIFO Working Papers 231, WIFO.
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    Cited by:

    1. Simon Schropp, 2007. "Revisiting the "Compliance-vs.-Rebalancing" Debate in WTO Scholarship a Unified Research Agenda," IHEID Working Papers 29-2007, Economics Section, The Graduate Institute of International Studies, revised Dec 2007.

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