LAW4526 Study Guide - Final Guide: Singapore Issues, Unilateralism, Mark Vaile
Document Summary
Islam, m r, international trade law of the wto, oxford university press, 2006. Wto, the legal texts: the results of the uruguay round of multilateral trade negotiations, Lester, s and mercurio, b, world trade law: text, materials and commentary, london: hart publishing 2008. Study up on fundamental principles of: free trade, ricardo comparative advantage, moving towards free trade. Gatt is an integral part of the wto. Historical background: gatt u(cid:374)de(cid:396)l(cid:455)i(cid:374)g poli(cid:272)(cid:455) o(cid:271)je(cid:272)ti(cid:448)es: i(cid:374)dust(cid:396)ialised (cid:272)ou(cid:374)t(cid:396)ies(cid:859) i(cid:374)te(cid:396)ests: ope(cid:374) a(cid:374)d p(cid:396)ote(cid:272)ted market. Industrialised countries, spearheaded by the us, took the initiative for free trade. They realised their capital should run across countries: a multilateral treaty: 30 oct 1947, protocol of provisional application: 1 jan 1948. (became in force) to 31 december 1994. Overview of general economic features: producer of agro-based commodities and raw materials, oecd member, first world living standard sustained by an economy with 3rd world features.
