Understanding Article XXIV Problem: A Pragmatic Approach
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Questions and Answers

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 (correct)
  • Challenging the existing FTAs in WTO dispute settlement
  • Ignoring the meaning of 'substantially all the trade' in Article XXIV
  • Abandoning the idea of new FTAs
  • What are the ramifications of an FTA being declared inconsistent with Article XXIV in WTO dispute settlement?

  • Potential economic sanctions on the country involved in the FTA
  • No ramifications
  • No impact on the FTA
  • Possible undesirable dispute settlement proceedings (correct)
  • What does the chapter acknowledge and address in relation to the proposed pragmatic approach?

  • The benefits of ignoring new FTAs
  • The difficulties with the proposed approach (correct)
  • The need for more FTAs
  • The benefits of challenging existing FTAs
  • Which option is identified as part of the proposed pragmatic approach?

    <p>Clarifying the meaning of 'substantially all the trade' and holding new FTAs to the agreed-to definition</p> Signup and view all the answers

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

    <p>Conforming all existing FTAs to a new definition of 'substantially all the trade'</p> Signup and view all the answers

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

    <p>Systemic benefits of open accession provision</p> Signup and view all the answers

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