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Contents - Faculty of Law - University of Cambridge

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The second part <strong>of</strong> the course covers more specialized subjects, including the regulation <strong>of</strong> product standards and <strong>of</strong> foodsafety and pests, as well as the main trade policy instruments used by governments to protect their domestic industries,ie subsidies and ‘trade remedies’, intellectual property protection, including the legal rights <strong>of</strong> WTO Members to order‘compulsory licences’ for essential medicines, and the issue <strong>of</strong> trade and finance.Finally, the course devotes three seminars to a discussion <strong>of</strong> the major subsystems <strong>of</strong> trade regulation, which existformally as exceptions to the most-favoured-nation obligation. The first <strong>of</strong> these is the Generalized System <strong>of</strong> Preferences(GSP), under which developed countries may grant preferential tariff treatment to developing countries; the second is theregulation <strong>of</strong> regional trade agreements. We round <strong>of</strong>f the course with a seminar discussing those areas in which regionaltrade agreements go beyond the subjects covered by the WTO.READINGThere are various textbooks and casebooks on WTO law. This course recommends the purchase <strong>of</strong> at least one <strong>of</strong> thetextbooks noted below, but it does not rely on either exclusively. The casebooks also contain some helpful material, but,again, the course does not rely on these.The course will be taught on the basis <strong>of</strong> weekly handouts with reading lists. These will be divided into mandatory readingand recommended reading. The mandatory reading will be mainly primary materials in the form <strong>of</strong> treaty texts, subsidiaryWTO instruments and dispute settlement reports (ie the cases). It is essential to bring these materials to class. The treatytexts are collected in The Results <strong>of</strong> the Uruguay Round <strong>of</strong> Multilateral Trade Negotiations: The Legal Texts (any edition)and it is essential to purchase this book. This book may also be taken into the final exam.Other materials, and in particular, dispute settlement reports, are not readily available and must be printed out andbrought to class. These can be lengthy. Unfortunately the <strong>Law</strong> <strong>Faculty</strong> is unable to subsidise printing costs. The materialslisted as ‘recommended reading’ do not need to be brought to class.Textbooks:Matsushita et al, The World Trade Organization (2nd ed 2006)Trebilcock and Howse, The Regulation <strong>of</strong> International Trade (3rd ed 2005)Casebooks:Van den Bossche, The <strong>Law</strong> and Policy <strong>of</strong> the World Trade Organization (2nd ed 2008)Lester and Mercurio, World Trade <strong>Law</strong> (2008)The policy and economics <strong>of</strong> international trade:This course is not an economics or trade policy course. However, a basic understanding <strong>of</strong> these matters will greatlyassist in understanding WTO law. Some useful and readable books, taking an orthodox line, are:Bhagwati, In Defense <strong>of</strong> Globalization (2nd ed 2007)Irwin, Free Trade Under Fire (3rd ed 2009)Irwin, Against the Tide: An Intellectual History <strong>of</strong> Free Trade (1996)Krugman, Pop Internationalism (1996)A more critical book is:97

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