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SWIFT Clouds Between International Legal Storms? Bank Melli, the CJEU and Secondary Sanctions 国际法律风暴之间的雨云?Melli银行,欧洲法院和二级制裁
IF 0.3 Q4 INTERNATIONAL RELATIONS Pub Date : 2022-09-01 DOI: 10.54648/gtcj2022056
P. Morris
This case comment offers a new perspective on the Bank Melli decision of the CJEU by integrating the missing discussions on SWIFT. This is a crucial element that was merely referred to in the Opinion of the Advocate General as oppose to full ruling by the CJEU. A crucial part of the comment is the role of the Iran Threat Reduction and Syria Human Rights Act of 2012 (US) and how it enfolden SWIFT and therefore the implications in other legislations that are used to apply secondary sanctions. The comment also use material from the US Treasury to add context in terms of the Bank Melli decision and how international law underperforms when financial sanctions touches and concerns the United States.Bank Melli, SWIFT, Iran Threat Reduction and Syria Human Rights Act 2012, Financial Sanctions, Financial Messaging
本案例评论通过整合SWIFT缺失的讨论,为欧盟法院的梅利银行决定提供了一个新的视角。这是一个关键因素,只是在检察长的意见中提到,反对欧盟法院的全面裁决。评论的一个关键部分是2012年《减少伊朗威胁和叙利亚人权法》(美国)的作用,以及它如何执行SWIFT,从而对用于实施二级制裁的其他立法产生影响。该评论还使用了美国财政部的材料,为梅利银行的决定添加了背景,以及当金融制裁触及并涉及美国时,国际法如何表现不佳。梅利银行、SWIFT、2012年《减少伊朗威胁和叙利亚人权法》、金融制裁、金融信息
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引用次数: 0
Is a Special Purpose Vehicle a Way to Circumvent Western Economic Sanctions Imposed on Russia or Only Pitfalls Lie Ahead? 特殊目的载体是规避西方对俄经济制裁的一种方式,还是未来的陷阱?
IF 0.3 Q4 INTERNATIONAL RELATIONS Pub Date : 2022-09-01 DOI: 10.54648/gtcj2022054
N. Sinitsin, Elena Murashko
The ‘problem’ of economic sanctions that restricted trade has vexed the Russian community for the past several years and seemingly only tends to worsen. At the same time, the European Union (the EU) developed a Special Purpose Vehicle (the SPV) (known as Instrument in Support of Trade Exchanges (the INSTEX) for Iran to continue trade without accessing the United States financial system and avoid violating the United States of America (the US) sanctions. In this respect, one might argue that Russia, in general, might consider a similar option by creating an INSTEX like SPV to circumvent the imposed economic sanctions. At first glance, such SPV seems like a working mechanism to continue the trade in goods and services and to preserve trade flows in case Russia is fully disconnected from the SWIFT) or if ‘maximum’ sanctions are imposed against Russia. This article provides a general overview of how Russia deals with trading under the pressure of economic sanctions and how the hypothetical SPV may assist Russia in maintaining stable trade relations despite the sanctions. The article further discusses how the hypothetical SPV may resort to investment arbitration in order to protect its rights and interests and challenge the imposed sanctions and the risks it may face in this respect. The study reveals that creating such SPV to avoid anti-Russian sanctions might assist with humanitarian need, while the potential to restore normal trade flows is quite doubtful.Special Purpose Vehicle (SPV), Economic Sanctions, Investment Arbitration, Instrument in Support of Trade Exchanges (INSTEX), Counter-sanctions, Circumventing sanctions
限制贸易的经济制裁“问题”在过去几年里一直困扰着俄罗斯社会,而且似乎只会变得更糟。与此同时,欧盟(EU)开发了一种特殊目的载体(SPV)(称为贸易交流支持工具(INSTEX)),以便伊朗在不进入美国金融体系的情况下继续进行贸易,避免违反美国(美国)的制裁。在这方面,有人可能会说,总的来说,俄罗斯可能会考虑类似的选择,通过创建一个类似INSTEX的特殊目的公司来规避实施的经济制裁。乍一看,这样的SPV似乎是一种工作机制,可以继续进行商品和服务贸易,并在俄罗斯完全脱离SWIFT的情况下保持贸易流动,或者如果对俄罗斯实施“最大”制裁。本文概述了俄罗斯在经济制裁压力下如何处理贸易,以及假设的特殊目的公司如何帮助俄罗斯在制裁下维持稳定的贸易关系。文章进一步讨论了假设的特殊目的公司如何通过投资仲裁来保护自己的权益,挑战制裁以及可能面临的风险。该研究显示,创建这样的特殊目的公司以避免反俄制裁可能有助于人道主义需求,而恢复正常贸易流动的潜力则相当值得怀疑。采购产品特殊目的实体(SPV),经济制裁,投资仲裁,支持贸易交流的工具(INSTEX),反制裁,规避制裁
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引用次数: 0
Book Review: The Economic Weapon: The Rise of Sanctions as a Tool of Modern War, by Nicholas Mulder. New Haven and London. Yale University Press. 2022 书评:《经济武器:制裁作为现代战争工具的兴起》,尼古拉斯·穆德著。纽黑文和伦敦。耶鲁大学出版社。2022
IF 0.3 Q4 INTERNATIONAL RELATIONS Pub Date : 2022-09-01 DOI: 10.54648/gtcj2022057
P. Morris
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引用次数: 0
Secondary Sanctions: Why the US Approach Is Unlawful and the EU’s Response Is Ineffective 二级制裁:为什么美国的做法是非法的,欧盟的反应是无效的
IF 0.3 Q4 INTERNATIONAL RELATIONS Pub Date : 2022-09-01 DOI: 10.54648/gtcj2022052
Patrick C. R. Terry
In recent years, the United States has increasingly reverted to imposing secondary sanctions on friends and foes alike. Realizing that other major economic actors, such as the European Union, China and India, are very often unwilling to follow the United States’ foreign policy dictum, and exploiting its position as a major economic power and holder of the world’s reserve currency, the United States has begun penalizing third state actors that continue trading with US primary sanction targets. In some cases, that has gone so far as to lead to the issuance of US arrest warrants and the subsequent arrest of third state citizens for violating US sanction laws while engaged in transactions that took place outside of the US. Seen from an international law perspective, such conduct raises jurisdictional issues. I will explain that the US cannot rely on any jurisdictional principle recognized by the international community to justify its approach to secondary sanctions. In fact, the international community has come to reject the US modus operandi of imposing secondary sanctions as unlawful, creating a customary international law prohibition. I will then examine the European Union’s ineffective response by imposing a Blocking Statute and, in the case of Iran, by creating a Special Purpose Vehicle (SPV).Secondary Sanctions, Customary International Law, Jurisdiction, Blocking Statute, Special Purpose Vehicle
近年来,美国越来越倾向于对盟友和敌人实施二级制裁。意识到其他主要经济行为体,如欧盟、中国和印度,往往不愿意遵循美国的外交政策格言,并利用其作为主要经济大国和世界储备货币持有者的地位,美国已经开始惩罚继续与美国主要制裁目标进行贸易的第三国行为体。在某些情况下,这甚至导致美国发出逮捕令,随后第三国公民因在美国境外进行交易时违反美国制裁法律而被捕。从国际法角度看,这种行为存在管辖权问题。我将解释,美国不能依靠国际社会公认的任何司法原则来为其二级制裁的做法辩护。事实上,国际社会已经开始反对美国实施二级制裁的做法,认为这是非法的,形成了习惯国际法的禁止。然后,我将审视欧盟的无效回应,包括实施《封锁法规》,以及在伊朗问题上创建一个特殊目的机构(SPV)。二级制裁,习惯国际法,管辖权,阻止法规,特殊目的机构
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引用次数: 0
‘If You Can’t Beat ’em, Join ’em’: An Argument for US Support of and Participation in INSTEX “如果你不能打败他们,就加入他们”:美国支持和参与INSTEX的论据
IF 0.3 Q4 INTERNATIONAL RELATIONS Pub Date : 2022-09-01 DOI: 10.54648/gtcj2022051
Keith A. Preble
US policymakers have said little in response to the Instrument in Support of Trade Exchanges (INSTEX) and its efforts to seemingly undermine US economic sanctions by downplaying its significance and making a single threat of severing European access to the US financial system. Should INSTEX be feared? INSTEX, which currently has ten European members, has been marketed as a humanitarian mechanism largely directed toward Iran to preserve the Joint Comprehensive Plan of Action and mitigate the impact of US economic sanctions by helping to facilitate trade in medicines, medical devices, food, and other humanitarian goods. I argue that US efforts to quash or undermine INSTEX are counterproductive to US interests and US foreign policy and that the US should work collaboratively with Europe in both the development of INSTEX and, ultimately, through participation in it. I discuss how INSTEX’s commitment to Financial Action Task Force (FATF) principles makes it an important outlet through which the US can not only shape its development and implementation but also in helping to generate goodwill throughout the international community by permitting trade in humanitarian goods through reliable channels. Failure to address the development of this nascent special purpose vehicle has long-term implications for US foreign policy by weakening the effectiveness of economic sanctions and US financial dominance.
美国政策制定者对《支持贸易交流文书》(INSTEX)及其通过淡化其重要性和发出切断欧洲进入美国金融体系的单一威胁似乎破坏美国经济制裁的努力几乎没有做出回应。应该害怕INSTEX吗?INSTEX目前有十个欧洲成员国,被宣传为一种主要针对伊朗的人道主义机制,以维护《联合全面行动计划》,并通过帮助促进药品、医疗器械、食品和其他人道主义商品的贸易来减轻美国经济制裁的影响。我认为,美国镇压或破坏INSTEX的努力会对美国的利益和外交政策产生反作用,美国应该与欧洲合作,发展INSTEX,并最终参与其中。我讨论了INSTEX对金融行动特别工作组(FATF)原则的承诺如何使其成为一个重要的渠道,通过它,美国不仅可以影响其发展和实施,还可以通过允许通过可靠渠道进行人道主义物资贸易,帮助在整个国际社会中产生善意。未能解决这一新生的特殊目的工具的发展问题,会削弱经济制裁的有效性和美国的金融主导地位,从而对美国外交政策产生长期影响。
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引用次数: 0
The China-US Trade Conflict and Its Impact on the World Trade System and the Future of Multilateralism 中美贸易冲突及其对世界贸易体系和多边主义未来的影响
IF 0.3 Q4 INTERNATIONAL RELATIONS Pub Date : 2022-07-01 DOI: 10.54648/gtcj2022039
Frank Altemöller
The trade conflict between China and the US has an impact on many levels. The initial discussion was focused on the economic effects both feared and caused by the trade restrictions. This study, however, will go further than an economic-empirical analysis. Rather, it addresses the structural implications of the conflict: as a result of the US blockade of the World Trade Organisation (WTO) Appellate Body, the functioning of the world trade system remains in question. Even though a number of Member States currently participate in a substitute interim dispute settlement system outside the WTO, the future of the world trade system is nonetheless closely tied to a functioning dispute settlement process. For that is the only means by which to guarantee that the contracting parties can trust that their mutually agreed rights and obligations will be respected – and that how dispute settlement will ensure trust in the world trade system as a whole.But what are the prospects for dispute settlement in a situation that is characterized not only by stagnation, but above all by open trade disputes, and for which there is no foreseeable resolution? Are we now witnessing not only a crisis of dispute settlement, but more so, an inability for dispute settlement to function in a multilateral arrangement that lacks a perspective? The author considers the US blockade to be a consequence of the increasing intensification of the global competitive situation, within which the liberalization interests of key actors are going through a transformation. The study will demonstrate how this is leading to more differentiated forms of trade policy, economic and geopolitical integration that operate beyond the previous multilateral liberalization concepts. Nevertheless, the world trade system has an undeniably central role to play in addressing urgent issues of our common future. The author discusses the challenges that lie ahead and asks how further developments can be achieved.World Trade System, Appellate Body, Dispute Settlement, China-US Trade Conflict, Delegation Sovereign Rights, Sovereignty, Decision Making Practice, US Trade Representative, Non-Market Economy, State-Led Economy, Governance, Trade Liberalization, Blockade, Multilateralism, Global Competition
中美贸易冲突的影响是多方面的。最初的讨论集中在贸易限制所带来的经济影响上。然而,这项研究将比经济实证分析走得更远。相反,它解决了这场冲突的结构性影响:由于美国封锁了世界贸易组织(WTO)上诉机构,世界贸易体系的运作仍然存在问题。尽管一些会员国目前参加了世贸组织以外的替代性临时争端解决制度,但世界贸易制度的未来仍然与有效的争端解决程序密切相关。因为这是保证缔约各方能够相信它们相互商定的权利和义务将得到尊重的唯一手段- -也是保证解决争端将如何确保对整个世界贸易体系的信任的唯一手段。但是,在一个不仅以停滞为特征,而且首先以公开的贸易争端为特征,而且没有可预见的解决办法的情况下,解决争端的前景如何?我们现在是否不仅目睹了一场解决争端的危机,而且更重要的是,目睹了解决争端无法在缺乏前景的多边安排中发挥作用?作者认为,美国的封锁是全球竞争形势日益加剧的结果,在这种形势下,关键参与者的自由化利益正在经历转变。这项研究将表明,这将如何导致贸易政策、经济和地缘政治一体化的更有区别的形式,这些形式超越了以前的多边自由化概念。然而,世界贸易体系在处理我们共同未来的紧迫问题方面发挥着不可否认的中心作用。作者讨论了未来面临的挑战,并提出了如何实现进一步发展的问题。世界贸易体制、上诉机构、争端解决、中美贸易冲突、委托主权、主权、决策实践、美国贸易代表、非市场经济、国家主导经济、治理、贸易自由化、封锁、多边主义、全球竞争
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引用次数: 0
Transcript: Interview of India’s Former Commerce Secretary Anup Wadhawan 采访印度前商务部长Anup Wadhawan
IF 0.3 Q4 INTERNATIONAL RELATIONS Pub Date : 2022-07-01 DOI: 10.54648/gtcj2022049
J. Nedumpara, Amandeep Kaur Bajwa, Apoorva S. Vishnoi
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引用次数: 0
Sanctions or No Sanctions: Enforcing Labour Provisions in Free Trade Agreements 制裁或不制裁:执行自由贸易协定中的劳工条款
IF 0.3 Q4 INTERNATIONAL RELATIONS Pub Date : 2022-07-01 DOI: 10.54648/gtcj2022045
Shiny Pradeep, Achyuth A
The inclusion of labour provisions in trade agreements which commenced with the North American Free Trade Agreement (NAFTA) in the 1990s and other developed countries such as Canada and the EU saw the reaffirmation and implementation of commitments undertaken as part of the International Labour Organization (ILO) Conventions that these countries have ratified – with specific emphasis on respecting, promoting and realizing the core labour standards.While the general commitments and the nature of labour standards included in different agreements are largely similar, the approaches to enforce these standards under various agreements have differed widely. While the major developed economies (US, Canada and the EU) all include substantive labour provisions in their trade agreements as a standard practice now, their approaches to enforcement of these provisions are strikingly different (with US-Canada approach largely similar). These two contrasting approaches are – (1) that entails a possibility of monetary assessment, countermeasures or suspension of preferential benefits (sanctions based) and (2) that is based exclusively on recommendations and directions by a Panel of Experts as part of the dispute resolution process without any possibility of economic assessment (non-sanctions-based). This article provides an overview of these two main approaches towards enforcement of labour provisions in trade agreements.In light of the recent emphasis placed on including stronger enforcement mechanisms within the Free Trade Agreements (FTAs’) on sustainability, specifically in the EU this article examines the two approaches and highlights the approach which would be better suited for enforcing labour standards.Labour Standards, occupational safety and health, TSD, Dispute Settlement, Enforcement, NAFTA, NAALC, USMCA, Labour Provisions in FTAs’, Rapid Response Labour Mechanism, ILO Conventions, EU-Korea Labour Dispute, countermeasures, monetary assessment, suspension of benefits.
自1990年代北美自由贸易协定(北美自由贸易协定)和加拿大和欧盟等其他发达国家开始将劳工条款列入贸易协定,这些国家重申和执行了作为这些国家批准的国际劳工组织(劳工组织)各项公约的一部分所作的承诺,特别强调尊重、促进和实现核心劳工标准。虽然不同协定所载的一般承诺和劳工标准的性质在很大程度上是相似的,但在不同协定下执行这些标准的方法却大不相同。虽然主要发达经济体(美国、加拿大和欧盟)现在都在其贸易协定中纳入了实质性的劳工条款,作为标准做法,但它们执行这些条款的方法却截然不同(美国和加拿大的方法基本相似)。这两种截然不同的方法是:(1)可能需要进行货币评估、反措施或暂停优惠待遇(以制裁为基础);(2)完全基于专家小组作为争端解决程序一部分的建议和指示,而不可能进行经济评估(不以制裁为基础)。本文概述了在贸易协定中执行劳工条款的这两种主要方法。鉴于最近强调在自由贸易协定(FTAs)中包括更强有力的可持续性执行机制,特别是在欧盟,本文研究了这两种方法,并强调了更适合执行劳工标准的方法。劳工标准,职业安全与健康,TSD,争端解决,执法,NAFTA, NAALC, USMCA, fta中的劳工条款,快速反应劳工机制,ILO公约,EU-Korea劳资纠纷,对策,货币评估,暂停福利。
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引用次数: 0
Writing a Script for India’s FTA Dispute Settlement Chapters 为印度自由贸易协定争端解决章节写剧本
IF 0.3 Q4 INTERNATIONAL RELATIONS Pub Date : 2022-07-01 DOI: 10.54648/gtcj2022043
R. Bhala
India should negotiate robust dispute settlement chapters in its free trade agreements (FTAs). Through appropriate specific provisions in those chapters, India should pursue three goals, namely, the swift, just resolution of disputes, development of a common law on international trade, and enhancement of the rule of law in the Indo-Pacific region. India’s pursuit of these goals will help it expand its influence across the region, and counter the prospect of an authoritarian Chinese Communist Party (CCP) essentially dictating how trade and investment disputes are to be resolved. However, for India to pursue such negotiations, it must first resolve its bipolar approach to trade policy, between Nehruvian Socialism and Market-Oriented Reformism, which has paralysed it from pursuing an aggressive FTA agenda amidst understandable concerns about the nexus among trade, growth, and poverty alleviation. That means it will have to de-emphasize its current – and quixotic – policy of Atmanirbhar Bharat (Self-Reliant India).dispute settlement, adjudication, arbitration, WTO, USMCA, FTA, CPTPP, judicial interpretation, textualism, negotiations, binding, blockage, panel, appellate, procedures, deadlines, subject matter jurisdiction, transparency, precedent, stare decisis, common law, rule of law
印度应该在其自由贸易协定(FTAs)中就强有力的争端解决章节进行谈判。通过这些章节的适当具体规定,印度应该追求三个目标,即迅速、公正地解决争端,发展国际贸易普通法,加强印度-太平洋地区的法治。印度对这些目标的追求将有助于扩大其在整个地区的影响力,并对抗专制的中国共产党(CCP)基本上决定如何解决贸易和投资争端的前景。然而,对于印度来说,要进行这样的谈判,它必须首先解决其在贸易政策上的两极做法,即尼赫鲁社会主义和市场导向的改革主义,这使得它无法在贸易、增长和减贫之间的关系上追求积极的自由贸易协定议程。这意味着印度将不得不弱化其当前不切实际的自力更生政策。争端解决、裁决、仲裁、WTO、USMCA、FTA、CPTPP、司法解释、文本主义、谈判、约束力、阻碍、专家组、上诉、程序、最后期限、标的管辖权、透明度、先例、判例、普通法、法治
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引用次数: 0
Dispute Settlement in International Trade Agreements: Prospective Pathways 国际贸易协定中的争端解决:未来的途径
IF 0.3 Q4 INTERNATIONAL RELATIONS Pub Date : 2022-07-01 DOI: 10.54648/gtcj2022036
J. Nedumpara
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引用次数: 0
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Global Trade and Customs Journal
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