WTO Trade Court: Who Are These Guys Anyway? | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 03.23.15

Airborne 03.24.15

Airborne 03.25.15

Airborne 03.26.15

Airborne 03.27.15

Airborne Hi-Def On YouTube

Airborne 03.23.15

Airborne 03.24.15

Airborne 03.25.15

Airborne 03.26.15

Airborne 03.27.15

Thu, Jun 02, 2005

WTO Trade Court: Who Are These Guys Anyway?

World Trade Court Has Real Power

It's the biggest case ever to go before the World Trade Organization's court. Worth billions of dollars to both Airbus and Boeing, the subsidy dispute between the US and the EU will likely take several years and several million dollars to resolve. And the people who will decide the case probably won't even be judges -- at least, not full-time judges.

That's the way it is at the intersection of law and trade. The WTO court is staffed by freelance judges -- often diplomats -- who have very little knowledge of legal practices but are strong in their negotiating skills. For most who have sat on the WTO bench in the past, it's their first time ever settling a trade dispute.

The WTO court is chaired by a three-person panel of judges. It has real power. Just ask President George W. Bush. Two years ago, the WTO court forced him to abandon tarrifs aimed at protecting the struggling US steel industry from foreign competition. The lever in that ruling was the threat of $2 billion in trade sanctions.

Both US and EU eaders are leery of the court. "WTO panels are making up new rules," Montana Democratic Sen. Max Baucus wrote in response to questions from The Wall Street Journal. He said they "have invented rules that do not appear in any negotiated agreement -- then used those rules to strike down US laws and policies."

An EU study found the WTO panel system should be altered, saying "panelists do not have time to develop expertise in the procedural and technical aspects of the dispute settlement system."

Even the judges themselves complain, saying they can't hear cases and keep their day jobs at the same time. But that's just what they're expected to do. And if they have a hard time understanding the trade laws upon which they rule, you can imagine how difficult it is for the countries involved to interpret and implement those rulings.

FMI: www.wto.org

Advertisement

More News

Airborne 03.27.15: Cockpit Changes Announced, Maine v UAVs, NBAA v Santa Monica

Also: AirVenture Update, Barnstorming Opines On Media Aero-Reporting, NTSB Update, ERAU Scholarships, Doolittle Raiders, Tecnam P2010 The loss of Germanwings Flight 9525 due to wha>[...]

Aero-News: Quote Of The Day (03.29.15)

"Rover challenge puts students in the driver's seat of real-world engineering. Students perform research with computer-aided designs, select and fabricate components using mechanic>[...]

ANN's Daily Aero-Term (03.29.15): Comet

Comet A ball of rock and ice, often referred to as a “dirty snowball.” Typically a few kilometers in diameter, comets orbit the Sun in paths that either allow them to p>[...]

ANN's Daily Aero-Linx (03.29.15)

Aero Linx: New Jersey Aviation Association NJAA was formed in 2000 to promote, protect and preserve the state's multi billion dollar general aviation industry. Its membership inclu>[...]

NASA Core Flight System Software Available To The Public

NASA Goddard Releases Open Source Application Suite The Innovative Technology Partnerships Office at NASA's Goddard Space Flight Center in Greenbelt, Maryland, announced the releas>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC