International economic law
3 important questions on International economic law
Topics of international economic law
- Bilateral and multilateral treaties concerning trade, commerce and investment
- multilateral: WTO
- bi-or plurilateral: CETA, EU-UK-deal
- mega regional free trade agreements: CPTPP, RCEP, TTIP
- International economic integration (EU, USMCA, Mercosur, ASEAN)
- International investment law (BITs)
- International finance law (IMF, World Bank)
- International competition law
WTO (World Trade Organization)
Made of GATT, GATS, TRIPS and the Dispute Settlement Understanding
GATT was replaced by the WTO
objectives of the WTO
- concerning cases of: goods, services, and intellectual property
GATT was replaced by the WTO
objectives of the WTO
- preventing protectionism through liberalization of international trade
- rules to reduce trade restrictions in order to reach a ''level playing field'' where there are equal competition opportunities
- platform for negotiations by its own Dispute Settlement System
GATS (General Agreement on Trades in Services)
Objectives
- multilateral framework of rules for trade
- transparency and progressive liberalization through successive rounds of multilateral negotiations
- developing and including developing countries
- balance between regulating and liberalization
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