G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w27012
来源IDWorking Paper 27012
Disputes in International Investment and Trade
Ralph Ossa; Robert W. Staiger; Alan O. Sykes
发表日期2020-04-20
出版年2020
语种英语
摘要International investment agreements employ dispute settlement procedures that differ markedly from their counterparts in trade agreements along three key dimensions: standing (i.e., the right to file grievances), the nature of the remedy, and the remedial period. In the state-to-state dispute settlement procedures of a typical trade agreement, only governments have standing, while private investors also have standing in the investor-state dispute settlement procedures employed by investment agreements. Trade agreements typically employ tariff retaliation as the remedy for violation of the agreement, while the award of cash damages is the norm in investment disputes. And trade agreements typically provide for only prospective remedies covering harm done subsequent to a ruling, while the damages awarded in investment disputes routinely cover past as well as future harms. We develop parallel models of trade agreements and investment agreements and employ them to study these differences. We argue that the differences can be understood as arising from the fundamentally different problems that trade and investment agreements are designed to solve.
主题International Economics ; Trade ; International Factor Mobility
URLhttps://www.nber.org/papers/w27012
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/584684
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GB/T 7714
Ralph Ossa,Robert W. Staiger,Alan O. Sykes. Disputes in International Investment and Trade. 2020.
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