LAW - 657 International Trade Law I

(3 hrs.)

This course analyzes the U.S. and multilateral legal regime (WTO) for regulating international trade in goods, services and intellectual property. The course begins with a brief introduction of international trade theory. It then examines the U.S. constitutional aspects of international economic relations and the legal structure of the WTO and the General Agreement on Tariffs and Trade (GATT). It next analyzes specific aspects of international trade regulation, including tariffs, quotas, and non-tariff barriers; the most-favored-nation obligation; free trade areas and customs unions; national treatment obligation; trade and environmental policies; escape clauses, safeguards; and adjustment policies; dumping; subsidies and countervailing duties; and U.S. retaliation against “unfair” trade practices.