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WTO Safeguards and Trade Liberalization

其他書名	Lessons from the Argentine Experience in the Footwear Industry
出版	SSRN, 2005
URL	http://books.google.com.hk/books?id=tqnazwEACAAJ&hl=&source=gbs_api

註釋The footwear case provides an example of the complexities of WTO rules on the use of safeguards, and of the interaction of multilateral and regional processes of liberalization. As a result of Argentina's trade liberalization policies, footwear imports increased rapidly. The WTO DSB addressed these measures and as a consequence, Argentina had to dismantle most of them. The events support the following conclusions: - The jurisprudence of the WTO's Appellate Body, has created serious uncertainty as to when a country can use safeguards. This does not contribute to the political balance that is crucial when developing countries implement liberalization policies. - It is an error to negotiate ambiguous multilateral agreements on the expectation that the WTO Dispute Settlement mechanism will later clarify them. - An overvalued currency heightened the industry's problems. The decline in imports following the recent devaluation was more important than that following the implementation of earlier relief measures. - Mercosur Members should have created an adjustment-smoothing instrument.