35-class notes

35-class notes - 12/3/2009 Last Class - Friday Dec 4...

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12/3/2009 1 Last Class - Friday Dec 4 • Dispute resolution – Brander - dispute resolution; skim softwood lumber, pp 216-220. pp 216 220. • bring your questions – an opportunity to ask any question about the course material Debate grades will be posted on the class website. I will send an email to the class when it is done. Comm394-Barbara Spencer Final Exam December 15 (Tues): doors open 8:30 am; Scarf 100; Education building 2125 MAIN MALL 100; Education building, 2125 MAIN MALL
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12/3/2009 2 Office Hours for Exam • Exam – Tues December 15, Scarf 100; doors open at 8 30 am (2 hour exam out by about 11 open at 8.30 am (2 hour exam – out by about 11 am) • Office hours (or by appointment – Friday. Dec 11: 1:30 – 3:00 pm – Mon Dec 14: 10.00am – 11.30; 1:30 – 3:30 pm email: barbara spencer@sauder ubc ca – email: barbara.spencer@sauder.ubc.ca ) Comm394-Barbara Spencer WTO and NAFTA Dispute Resolution Countries may want to “escape” their obligation not to impose discriminatory tariffs on imports from selected countries i.e. escape MFN (Most Favored Nation) Three categories of “escape clauses” or ways in which countries can impose discriminatory tariffs. Comm394-Barbara Spencer The same categories apply under the WTO or under NAFTA, but rulings of the two bodies can be contradictory.
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12/3/2009 3 Escape clauses: WTO and NAFTA. 1) Safeguards: Temporary tariffs to protect domestic industry suffering injury due to imports. Applies to fair trade. 2) Antidumping Duties – offsets the effects of “dumping” by firms. – A firm is engaged in dumping if it sells its goods in an export market at a price that is below “fair” or “normal” value. “Normal” value: typically measured as the market Normal value: typically measured as the market price in the exporter’s home country 3) Countervailing duties – import duties applied to
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35-class notes - 12/3/2009 Last Class - Friday Dec 4...

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