Carousel Legislation

Carousel legislation in Global Commerce Policy

In this regard, carousel legislation is: Section 407 of the United States Trade and Development Act adopted on 18 May 2000 to encourage implementation by trading partners of the United States of WTO dispute settlement decisions that have gone against them. The entries on trade policy are here. In such cases, the WTO rules permit the suspension of concessions or other obligations, though the procedures for doing so are carefully defined. The entries on trade policy are here. A list of products is usually prepared and maintained for this purpose. The United States has a different approach. The carousel legislation requires a mandatory and unilateral revision of this list of products 120 days after the application of the first suspension and then every 180 days after that. Many trading partners consider that this goes beyond the intentions of the Understanding on Rules and Procedures Governing the Settlement of Disputes.[1]

Carousel legislationin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Carousel legislation” entry (OAS)

See Also