Copyright (c) 2009 All rights reserved. http://works.bepress.com/julien_chaisse Recent documents in Julien Chaisse en-us Tue, 27 Oct 2009 03:35:44 PDT 3600 http://works.bepress.com/julien_chaisse/44 http://works.bepress.com/julien_chaisse/44 Sat, 30 May 2009 09:29:25 PDT Ce dossier spécial de la Revue économique et sociale, dirigé par Julien Chaisse et Philippe Gugler, comporte 11 chapitres analysant les différents aspects de la compétitivité des économies asiatiques.L'Asie et ses presque 4 milliards d'habitants regroupe environ les deux tiers de la population mondiale. Bien que les niveaux de développement soient encore très inégaux d'un pays à l'autre, la plupart ont connu depuis plusieurs décennies des transformations qui les ont fait basculer d'une économie agraire vers une économie industrielle. Entamée par l'émergence du Japon dans les années 1960, l'arrivée de l'Asie dans l'économie mondiale s'est poursuivie avec l'apparition des « dragons » de l'Asie de l'Est, comme la Corée du Sud, puis par les nouveaux pays émergents comme la Thaïlande. Depuis le début du XXIe siècle, le développement de la Chine et, dans une moindre mesure, de l'Inde constitue un véritable enjeu pour les pays développés. Avec 2,3 milliards d'habitants, la « Chindia », si elle ne représente que 6% du PIB mondial en 2005, a néanmoins été à l'origine de 40 % de la croissance mondiale. Il s'agit aussi du retour de deux puissances économiques et culturelles, dont le rôle s'était brièvement atténué depuis la fin du XIXème siècle. Si à certains égards, le développement et la réémergence de ces deux géants peut avoir une influence négative sur les économies des autres pays émergents de la région en leur faisant concurrence, il constitue également un nouveau débouché pour les matières premières et les produits du continent. Ce constat peut aussi être étendu au reste du monde tant il est manifeste que ces transformations profondes du continent asiatique sont autant de défis pour le monde occidental et témoigne de ce que Michel Beaud appelle le « basculement du monde ». Julien Chaisse International Law International Trade International Economics http://works.bepress.com/julien_chaisse/43 http://works.bepress.com/julien_chaisse/43 Sat, 30 May 2009 07:32:22 PDT On 23 April 2007 EU Council approved negotiating mandates for trade accords with the three rapidly-growing Asian economies: India, South Korea, and the Association of Southeast Asian Nations. The agreements are said to boost EU exports by more than 40 billion euros per year, and raise the bloc's GDP by 0.13 percent. "Copenhagen Economics" and France's CEPII, forecast that EU exports to ASEAN would grow by 24.2 percent. Since the beginning of negotiations the EU is pushing strong reforms in investment, services and intellectual property. Without success for the time being. The paper will investigate the present scope of negotiations and potential outcome. It will elaborate on mutual interest, political context and the important legal background on the EU side. The investment-related provisions of free trade agreements concluded by the European Union are indeed generally not as comprehensive as those of traditional BITs. One reason for this is that EU Member States have so far resisted to hand competency in negotiating some of the most substantial BIT provisions entirely to the European Commission. Member States' own BITs thus remain important and some of their provisions go beyond those of EU FTAs. In fact, the EU agreements refer directly to bilateral relations with Member States where certain investment provisions are concerned. http://www.nccr-trade.org/ip-11-forthcoming/asean.html Julien Chaisse International Law International Trade International Economics http://works.bepress.com/julien_chaisse/42 http://works.bepress.com/julien_chaisse/42 Wed, 18 Mar 2009 09:24:50 PDT In recent years China has faced numerous countervailing duty investigations among others by the United States and Canada . Reactions to countervailing measures are usually much more policy-oriented than market-oriented. Whereas the dominant strategies adopted by the individual exporting enterprises are usually not the payoff dominant ones, China is tending towards establishing a government-sponsored countervailing response mechanism (Gscrm). With the Gscrm, the bounded rationality of the export enterprises in the countervailing counter-action can be eliminated and therefore payoff dominant equilibrium in a countervailing-responding cooperation game can be achieved. Julien Chaisse International Law International Trade Anti-Dumping Law http://works.bepress.com/julien_chaisse/41 http://works.bepress.com/julien_chaisse/41 Sun, 15 Mar 2009 15:21:59 PDT Il s'agit d'analyser l'énonciation de normes à caractère non commercial par l'Organe de règlement des différends de l'OMC. Cette quasi-juridiction dont la fonction est d'abord de dire le droit sur la base des accords strictement commerciaux de l'Organisation, décide en intégrant des règles sociales, environnementales, de santé publique qui échappent en principe à la compétence de spécialité de l'OMC. En garantissant la mise en conformité des législations nationales, le caractère particulièrement efficace du mécanisme de règlement des différends pose à l'ORD la question de l'imperfection de ses décisions forcément fondées sur des préoccupations purement commerciales. Par nécessité logique ou politique, l'ORD a donc fait évoluer l'application de certaines dispositions des accords et a développé une politique jurisprudentielle qui tient compte des normes extra commerciales provenant notamment du droit international général. Cela contribue ainsi à une meilleure articulation des normes internationales même si un équilibre ne peut que difficilement être atteint au sein de l'OMC entre des normes de nature différente. Julien Chaisse International Law International Trade http://works.bepress.com/julien_chaisse/40 http://works.bepress.com/julien_chaisse/40 Mon, 23 Feb 2009 09:28:40 PST Before the inception of WTO in 1995, India generally did not join any regional economic agreement to promote trade or to achieve any other goal, barring exceptions like the South Asian Association for Regional Cooperation (SAARC) and the Bangkok Agreement. However, in the period since the Cancun Ministerial (2003), it has entered into a number of preferential trade arrangements with Asian as well as non-Asian partners. Looking into India's regional economic integration approach, the current analysis makes an attempt to identify the major determinants behind the shift in the country's interest and the policy implications of this change. Julien Chaisse International Law International Trade International Economics http://works.bepress.com/julien_chaisse/39 http://works.bepress.com/julien_chaisse/39 Mon, 09 Feb 2009 01:34:17 PST The coated free sheet paper from China case (CFS case) is the first one to give rise to a substantial countervailing duty investigation in the history of trading frictions between China and the United States of America. This landmark investigation and its final definite countervailing subsidy determination have set a controlling precedent for subsequent US countervailing duty investigations against exports from China. While looking back to look forward, we shall put emphases on four key issues in this case, namely: (i) whether the Department of Commerce's countervailing duty investigation is "half-cooked rice"; (ii) a neglected "deliberation principle" under the GATT/WTO countervailing duty mechanism; (iii) an issue of double counting of duties; and (iv) the mechanism of using third country benchmarks for the calculation of the subsidy benefit. In any case, a compromise or consideration for the other side is always indispensable. Julien Chaisse International Law Anti-Dumping Law http://works.bepress.com/julien_chaisse/38 http://works.bepress.com/julien_chaisse/38 Mon, 09 Feb 2009 01:30:28 PST Sovereign wealth funds have become major players in the global finance system and recently have been attracting increasing public attention. The International Monetary Fund (IMF) and some governements are calling for increased controls and regulation. This recent move is aimed to prevent countries like China and Russia using investments in the US or EU to obtain political influence in strategic sectors, such as energy and defence. The rapid growth of sovereign wealth funds risks provoking a protectionist response by industrialised countries, notably within the EU. The European Commission's approach calls for a code of conduct ensuring transparency and that the basic motives for the investment of these sovereign wealth funds become clear and that the funds themselves apply good corporate governance. The proposals discussed by European leaders would feed into international efforts, both at the Organisaton of Economic Co-operation and Development (OECD) and IMF levels. Julien Chaisse International Law European Law International Investment Law http://works.bepress.com/julien_chaisse/37 http://works.bepress.com/julien_chaisse/37 Sat, 20 Sep 2008 13:35:55 PDT Capital throughout the world has become increasingly mobile in recent decades and international trade has been exploding. Until the mid-1980s, the role of developing Asian economies as sources of investment was negligible. A regional pattern of FDI flows has emerged, with investors' attention shifting away from traditionally important locations in developed countries in favour of emerging markets, especially Asia and South-eastern Europe. As emerging countries, particularly in Asia, remove restrictions and implement policies to attract foreign direct investment inflows, there is a need to identify new challenges in terms of business strategies and regulatory policies. This book explore the recent developments in FDI flows and their impacts in developing Asia, and the importance of the policy context in which those flows occur. It is important to address three levels of analysis: the role of MNEs (in particular in India and China), the domestic and regional frameworks and finally the impacts at the global level or, in other words, on the multilateral regulation of FDI.Foreword Alan RugmanChapter 1: Editor's Introduction: Patterns and dynamics of Asia's growing share of FDI Philippe Gugler and Julien ChaissePart I: Internationalisation Strategy of Emerging Asian firms: Examples from China and IndiaChapter 2: The Rise of Chinese Multinational Enterprises Philippe Gugler and Bertram BoieChapter 3: International Acquisitions and the Globalization of Firms from India Andrew Delios, Ajai Singh Gaur, Shawkat KamalChapter 4: The reshaping of global capitalism by MNEs from emerging countries Joël RuetPart II: Regional and National Initiatives Affecting Trade and Investment in AsiaChapter 5: Towards China's greater influence on the world's finances: A legal analysis of Chinese Overseas Direct Investment Jianqiang NieChapter 6: Chinese BITs in the 21st Century: Protecting Chinese Investment Jun XiaoChapter 7: Investment Liberalization in the Association of Southeast Asian Nations: Progress, Regress or Stumbling Bloc? Darryl Jarvis, Chen Shaofeng, Tan Teck BoonChapter 8: Economic Impact of Investment Provisions in Asian RTAs Sebastien MiroudotPart III: Asian Interest in Multilateral Rules on Trade and Investment: A New Paradigm?Chapter 9: Dealing with the Noodle Bowl Effect in Asia: Consolidation, Multilateralization, Harmonization or Dilution? Jayant MenonChapter 10: India's Multilayered FDI regulation: Between resistance to multilateral negotiations and unilateral proactivism Julien Chaisse, Debashis Chakraborty, Arup GuhaChapter 11: Conditions and ways of restoring investment to the WTO negotiation agenda Chang-Fa Lo Julien Chaisse International Economics International Investment Law http://works.bepress.com/julien_chaisse/36 http://works.bepress.com/julien_chaisse/36 Wed, 03 Sep 2008 10:38:30 PDT Sovereign wealth funds have become major players in the global finance system and more recently have been attracting increasing public attention. The International Monetary Fund (IMF) and some governements are calling for increased controls and regulation. This recent move is aimed to prevent countries like China and Russia using investments in US or EU to obtain political influence in strategic sectors, such as energy and defence. Sovereign wealth funds have existed since the 1950s, constituting an important source of liquidity in financial markets. The rapid growth of sovereign wealth funds risks provoking a protectionist response by industrialised countries, notably within the EU. A voluntary code of conduct could help avert the problem. The European Commission's approach calls for a code of conduct ensuring transparency and that the basic motives for the investment of these sovereign wealth funds become clear and that the funds themselves apply good corporate governance. The proposals discussed by European leaders would feed into international efforts, both at Organisaton of Economic Co-operation and Development (OECD) and IMF levels, to draft a code of conduct by the end of 2008. Julien Chaisse International Law European Law International Economics http://works.bepress.com/julien_chaisse/35 http://works.bepress.com/julien_chaisse/35 Thu, 24 Jul 2008 12:24:43 PDT Since 1957, the EC has had to change and develop its institutional law (or primary legislation), which defines the concept and the scope of the CCP, to follow as much as possible the protean mutations of the international trade system governance. The evolution of the CCP which shows a strong and progressive increase in the EC competence, as well as simultaneously presumes an accepted erosion in the sovereignty of the EC Member States. Time has come now to include investment in the EC trade policy so as to reunify trade and investment policies in one hand. Julien Chaisse International Law International Trade International Economics