Understanding Article XXIV Problem: A Pragmatic Approach

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IdyllicWashington
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What is the proposed pragmatic approach to the Article XXIV problem?

Clarifying the meaning of 'substantially all the trade' and holding new FTAs to the agreed-to definition

What are the ramifications of an FTA being declared inconsistent with Article XXIV in WTO dispute settlement?

Possible undesirable dispute settlement proceedings

What does the chapter acknowledge and address in relation to the proposed pragmatic approach?

The difficulties with the proposed approach

Which option is identified as part of the proposed pragmatic approach?

Clarifying the meaning of 'substantially all the trade' and holding new FTAs to the agreed-to definition

What is suggested as a way to stave off the possibility of undesirable dispute settlement proceedings?

Conforming all existing FTAs to a new definition of 'substantially all the trade'

What is discussed in 'The Nuclear Option' section of the chapter?

Systemic benefits of open accession provision

Explore the pragmatic approach to addressing the Article XXIV problem, focusing on defining 'substantially all the trade', implementing new FTAs, and adapting existing FTAs. Gain insights into the nature of the problem and potential solutions.

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