Reverse protectionism and trade policy on multilateral trading system: the case of export restraints
Reverse protectionism and trade policy on multilateral trading system: the case of export restraints
DOI:
https://doi.org/10.5752/P.2317-773X.2019v7n3p28-50Keywords:
Reverse protectionism, export restraint, multilateral trading system, GATT, WTOAbstract
Since the creation of the WTO, some lawsuits have been received from its member states regarding the adoption of export restrictions. This trade policy assumes a new kind of protectionism dubbed “reverse protectionism” which does not seem to be fully regulated by GATT provisions. Although certain articles seem to shed some light on the subject, since they are invoked in some differences of the total accumulated to date, such as "Article VIII Fees and Formalities connected with Importation and Exportation" and "Article XI General Elimination of Quantitative Restrictions", among others; in short, the WTO fails to remedy this situation. Therefore it is crucial within the multilateral trading system to conduct a new negotiation process in which a definitive agreement is developed to regulate this type of trade policies.
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