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PANEL 4: Will State Emergency Measures trigger WTO disputes? What prospects exist for reforming the dispute settlement system of the WTO ― professional panelists, retroactive remedies, monetary compensation? It is a well known phenomenon in international conferences that the last slot of the day, the fourth panel, is the Bermuda Triangle for speakers and for the audience, to which the only remedy is succinctness and directness. I have no difficulty contributing to the succinctness part because it happens that I am surrounded by three certifiable experts on the subject matter to which the panel is addressed and I can assure you that I will not and could not claim for myself any similar degree of expertise. What I will talk about is really the economic and the political context of the second of these issues as described by Jacques first in the listing on the schedule, which is to say: State emergency measures, economic stimulus programmes, and the perceived upsurge and protectionist reflexes on the part of States around the world as these pertain to WTO rules. There is no question that world trade is in a crisis currently which reflects and is a consequence of the global
Journal of World Investment and Trade – Brill
Published: Jan 1, 2009
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