Transatlantic Economic Disputes

The EU, the US, and the WTO

By: Ernst-Ulrich Petersmann (Editor), Mark A. Pollack (Editor)

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Hardcover | 4 December 2003

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Hardcover
626 Pages

Dimensions(cm)
24.1 x 16.5 x 3.7

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Recent transatlantic relations have been plagued by a seemingly endlessseries of disputes over trade and other economic and political interests.Some of these disputes have been amongst the most prominent of the WTO era:the Bananas Case, the Beef Hormones Case and over the application of theHelms-Burton Act. This book analyzes the source of transatlantic disputes, the meansemployed to prevent and settle such disputes both bilaterally and throughthe dispute settlement mechanism of the of the WTO, and to identifypromising areas for reform.This book begins with a survey of transatlantic governance and disputesettlement problems. Part II analyzes 14 case-studies of transatlanticeconomic and regulatory disputes written by leading EU and US experts. Theanalytical papers in Part III examine the disputes in the broader context oflegal, economic and political theories of dispute prevention and disputesettlement. Part IV offers policy recommendations from EU and USpolicy-makers and academics. Most of the more than 20 contributors concludethat joint EU-US leadership in multilateral institutions (e.g. for tradeliberalization, dispute prevention and dispute settlement in the WTO) offersadvantages over bilateral approaches. By contrast, a potentialtransatlantic free-trade association (TAFTA) remains a second-best approachwhich might not prevent many of the transatlantic disputes over internaltrade-related domestic policies. Transatlantic initiatives e.g. forregulatory cooperation and citizen-oriented institutional reforms can,however, serve as precedents for multilateral reforms (e.g. of WTO rules).

Industry Reviews

... impressive book ... an excellent addition to the international economic law series of Oxford University Press - a major contribution to the enhancement of the understanding of the interwoven and complex transatlantic relationship. International Affairs With its enlightening case-studies and its fruitful and well-tempered policy recommendations for the future development of the transatlantic partnership, Petersmann and Pollack's book is a must for anyone puzzling over the pressing questions connected to today's economic, political and legal developments. International Affairs

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