1. Global strategies
  2. Circumventing international trading agreements

Circumventing international trading agreements

  • Limiting observance of multilateral trade agreements

Implementation

Using legislation dated 1984, designated "US Foreign Sales Corporations (FSC), the USA has since 2000 defied a WTO ruling that that the FSC constitutes an illegal trading subsidy. In March 2004, the EU implemented countermeasures on a list of US products, raising customs duty of 5%, followed by automatic, monthly increases by 1% up to a ceiling of 17% to be reached on 1 March 2005, if compliance does not happened in-between.

Broader

Constrains

Facilitates

Problem

Value

Observance
Yet to rate
Nonobservance
Yet to rate
Limitedness
Yet to rate
Disagreement
Yet to rate

SDG

Sustainable Development Goal #16: Peace and Justice Strong Institutions

Metadata

Database
Global strategies
Type
(E) Emanations of other strategies
Subject
Content quality
Yet to rate
 Yet to rate
Language
English
Last update
Dec 3, 2024