The Future of Trade

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The Future of Trade

A North American Perspective

9781035315413 Edward Elgar Publishing
Edited by David A. Gantz, Will Clayton Fellow for Trade and International Economics, Baker Institute for Public Policy, Center for the United States and Mexico, Rice University and Samuel M. Fegtly Professor Emeritus, James E. Rogers College of Law, University of Arizona and Tony Payan, Director, Center for the United States and Mexico, Baker Institute for Public Policy, Rice University, USA and Professor of Social Sciences, Universidad Autónoma de Ciudad Juárez, Mexico
Publication Date: 2023 ISBN: 978 1 03531 541 3 Extent: 310 pp
This critical book assesses the current trade policy challenges facing the US and offers a series of recommendations which, if implemented, have the potential to improve both US domestic trade policy and international/foreign policy. Focusing on the reform of the WTO, the implementation of the United States-Mexico-Canada Agreement and the continuing rivalry between the US and China, The Future of Trade crucially advances the ongoing dialogue between US governments and stakeholders.

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Critical Acclaim
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This critical book assesses the current trade policy challenges facing the US and offers a series of recommendations which, if implemented, have the potential to improve both US domestic trade policy and international/foreign policy. Focusing on the reform of the WTO, the implementation of the United States-Mexico-Canada Agreement and the continuing rivalry between the US and China, The Future of Trade crucially advances the ongoing dialogue between US governments and stakeholders.

This timely analysis proposes a clear, dynamic and comprehensive series of recommendations through an interdisciplinary approach analyzing law, economics and public policy in relation to the US home economy and its position in the global economic order. Chapters propose key suggestions, including rebuilding support for an open trading system; fostering integration between the United States, Canada and Mexico; and a restructuring of the WTO to create an equal system for all members. As many world powers retreat from globalization, David A. Gantz and Tony Payan argue that the US faces long-term challenges which will require effective non-controversial policy consensus at both a national and international level.

An invaluable resource for public policy, law and politics scholars, particularly those focusing on trade policy, this comprehensive book will also be of crucial benefit to US government officials in trade bureaucracy, foreign officials and members of State and Congress in the department of trade.
Critical Acclaim
‘The editors are to be congratulated for gathering together a penetrating, stimulating collection of international and North American trade articles by well-known law, economic and policy experts. A book full of insight and vision.’
– Ralph Folsom, author of International Trade Beyond Trump

‘This valuable book is a contesseration of 11 expert studies of future opportunities in North American trade relations. Among the highlights are: a synoptic overview of USMCA implementation (by David Gantz), an analysis of weak border recognition policies for Medicare consumers and educational providers (by James Gerber) and proposals for more expanded US entry visas (by Tony Payan).’
– Steve Charnovitz, The George Washington University, US

‘Led by one of the world’s foremost international trade law scholars, Professor David Gantz, this book is replete with thought-provoking, timely, and well-written analyses and arguments. As this collection well embodies, the world trading system is at a theoretical and practical crossroad. Reading the works by this highly distinguished group of contributors is essential to appreciate the difficult trade-offs faced at this crossroad, regardless of the direction that ultimately is pursued.’
– Raj Bhala, The University of Kansas and Dentons U.S. LLP

Contributors
Contributors: Padideh Ala’I, Daniel C.K. Chow, David A. Gantz, Guillermo J. García Sánchez, James Gerber, Simon Lester, Meredith Lilly, C.J. Mahoney, Tony Payan, Ian M. Sheldon, Elizabeth Trujillo
Contents
Contents:

Introduction to The Future of Trade 1
David A. Gantz and Tony Payan
1 Does America need a trade policy? 9
C.J. Mahoney

PART I TRENDS IN NORTH AMERICAN TRADE
2 Key issues in USMCA implementation 19
David A. Gantz
3 Three proposals for regaining momentum toward a North
American community 47
James Gerber
4 Energy in the USMCA 69
Guillermo J. Garcia Sanchez
5 The USMCA and the environment: Setting trends for
global and regional trade 96
Elizabeth Trujillo
6 Integration through trade: Labor markets and worker
rights in the USMCA 127
Tony Payan
7 Beyond NAFTA: Canada and USMCA’s initial
implementation, 2020–2022 152
Meredith Lilly

PART II CHANGES IN GLOBAL TRENDS IN
THE CONTEXT OF THE U.S.–CHINA
COMMERCIAL RELATIONSHIP
8 A critique of the 2020 United States–China trade
agreement and suggested corrective measures 175
Daniel C.K. Chow
9 Filing WTO violation and non-violation complaints:
A possible solution to China’s market access commitments? 200
Ian M. Sheldon

PART III GLOBAL TRADE GOVERNANCE THROUGH
A RESTRUCTURED WTO
10 Major threats to the WTO and the world trading system,
and proposed solutions 229
Simon Lester
11 The WTO as a forum for regulatory cooperation:
Transparency and open plurilateral agreements 252
Padideh Alai
Conclusion 276
David A. Gantz and Tony Payan
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