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Expert Analysis

More Trade Remedy Actions By WTO Members Is A Good Sign

Law360, New York (March 11, 2013, 12:18 PM EDT) -- Before the conclusion of the Uruguay Round of trade negotiations in 1993 and the creation of the World Trade Organization, which came into existence at the beginning of 1995, many trading nations had undertaken relatively limited tariff bindings within the General Agreement on Tariffs and Trade. Thus, for many countries there was little need to resort to domestic trade remedy proceedings when a domestic industry was facing significant import problems, as they could simply raise tariffs or take other actions to restrict imports (e.g., adopt discretionary licensing systems)....

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