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Principles of free trade agreements : from GATT 1947 through NAFTA re-negotiated 2018 / Ralph H. Folsom (professor of law, University of San Diego, A.B. Princeton University, J.D. Yale Law School, LLM London School of Economics).
- Format:
- Book
- Author/Creator:
- Folsom, Ralph Haughwout, author.
- Language:
- English
- Subjects (All):
- Commercial treaties.
- Foreign trade regulation.
- Free trade.
- Export sales contracts.
- Investments, Foreign--Law and legislation.
- Investments, Foreign.
- Genre:
- Hornbooks (Law)
- Other Title:
- Folsom's Principles of Free Trade Agreements, from GATT 1947 through NAFTA Re-Negotiated 2018
- Place of Publication:
- West Academic Publishing
- Summary:
- "[This book] examines the origins of free trade agreements (FTAs) and customs unions (CUs) in Article 24 of the GATT 1947 agreement. Article 24 permits but attempts to regulate their creation, an effort that failed early on. A sleeping giant for decades, FTAs were re-awakened by the path-breaking Canada-U.S. FTA of 1989. In 1994, NAFTA triggered an onslaught of hundreds of FTAs around the globe, overwhelming the impact of the establishment of the World Trade Organization in 1995. The coverage, trade rules and trade remedies of the world's FTAs are remarkably and complexly diverse. Perhaps surprisingly, the hostility of President Trump to multilateral trade agreements like TPP-12, the WTO, the EU and NAFTA 1994, caused the number of FTAs to increase. America's trade partners and competitors rushed to secure trade deals not involving the USA. TPP-11, the Japan-EU FTA, the expanded Mexico-EU FTA, and the China-driven RCEP provide excellent examples. Meanwhile, despite being characterized by President Trump as 'the worst trade deal ever,' the United States, Canada and Mexico completed re-negotiation of NAFTA in 2018"--Provided by the publisher.
- Contents:
- The essentials of international trade and trade law
- Regulating free trade agreements
- European Customs Union and free trade agreements
- CUSFTA 1989 and NAFTA 1994
- The proliferation of free trade agreements
- Trump and free trade
- Investor-state arbitrations under FTAs and BITs
- Appendix A : consolidated, edited text of the USMCA 2018 agreement (ratification pending as of April 2019).
- ISBN:
- 1-68467-252-X
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