Why are safeguards under the WTO so unpopular?
In recent years, more countries have increasingly turned to explicit, codified trade policy instruments of the international trading system such as antidumping measures. Countries have also increasingly participated in the institutions established to facilitate trade in the international system, such as the WTO s Dispute Settlement Understanding. Given these phenomena, a natural question to consider is why haven t countries resorted to the WTO s safeguards provisions at a similar pace? This paper focuses on the economic incentives generated by reforms in the Uruguay Round, and argues that in order to address the relative unpopularity of the application of safeguards measures, further reforms must be made to WTO s Antidumping Agreement and the rules of the Dispute Settlement Understanding.
Volume (Year): 1 (2002)
Issue (Month): 01 (March)
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