At the end of 2002, the United States rejected a compromise proposal aimed at giving developing countries without local manufacturing capacities access to affordable life-saving drugs. At a December meeting at the World Trade Organization (WTO) in Geneva, negotiators of several of the 144 WTO members expressed their regret about the failure to reach an agreement by the intended deadline, which ...

In December 2001, China joined the WTO and became the 143rd full member. In the last decade, China’s international trade developed rapidly and it has consequently become the largest commodity exporter and the second largest importer in the world. Undoubtedly, China’s international status has improved significantly. During this period, the pattern of international economy and trade are also unde...

This paper assesses the significance of Digital Trade Chapter Australia – EU FTA and focuses on disciplines necessary to boost digital trade. In ongoing negotiations, are likely agree upon conventional trade (e.g., e-signatures, e-authentication, paperless trading, customs duties electronic transmissions) as well provisions online consumer trust spam, more contemporary source code disclosure da...

Why did the climate negotiations in The Hague fail? Our contribution is to argue that the conflict between the European Union (EU) and the United States (US) stems mainly from disagreement on the cost issue. We argue that the three main concerns promoted by the EU in The Hague. First, a 50% national emission ceiling (the supplementarity principle), second the use of carbon sinks, and third an i...

Paragraph 31(iii) of the Doha Ministerial Declaration mandates to the liberalization of environmental goods and services. This mandate offers a good opportunity to put climate-friendly goods and services on a fast track to liberalization. Agreement on this paragraph should represent one immediate contribution that the WTO can make to fight against climate change. This paper presents the key iss...

This monograph focuses on the use of incomplete contracting models to study transfer pricing. Intrafirm pricing mechanisms affect division managers’ incentives to trade intermediate products and to undertake relationship-specific investments so as to increase the gains from trade. Letting managers negotiate over the transaction is known to cause holdup (underinvestment) problems. Yet, in the ab...