This book provides a comprehensive analysis of national security exceptions in international trade and investment agreements. The subject has gained particular relevance in the past few years, as both the United States and the Russian Federation have invoked national security as justification...

We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, GATT. We review recent developments in the relevant theoretical and empirical literature. And we describe the GATT/WTO architecture and briefly trace its historical antecedents. We suggest that the...

This paper examines the role of the burden of proof (BoP) in National Treatment (NT) disputes under trade agreements. In the situation under study, imports may cause environmental damage, in which case less favorable treatment of imported products may be globally desirable from an international...

Introduction / Simon Lester and Bryan Mercurio -- The economics of PTAs / Pravin Krishna -- Political economy of PTAs / Olivier Cattaneo -- Bilateral versus plurilateral PTAs / David Evans -- Legal Requirements for PTAs under the WTO / Andrew D. Mitchell and Nicolas J.S. Lockhart -- PTAs and...

The United States-Korea Free Trade Agreement / Yong-Shik Lee -- EU-Korea Free Trade Agreement / Colin M. Brown and Jeremy Record -- United States-Colombia Trade Promotion Agreement / K. William Watson -- China-New Zealand Free Trade Agreement / Henry Gao -- China-Taiwan Free Trade Agreement /...

"Formal economic analysis of trade agreements typically treats disputes as synonymous with concerns about enforcement. But in reality, most WTO disputes involve disagreements of interpretation concerning the agreement, or instances where the agreement is simply silent. And some have suggested...