Terence P. Stewart – författare

International trade is at the center of the wide array of challenges nations are working to confront. Trade also exemplifies the complexity and interrelationship of policy options. It has evolved beyond basic questions of tariffs. International trade laws and regulations affect aspects of life from access to healthy food to the protection of the latest innovations in communications and nanotechnology. A key challenge for all nations in the short term is to make sure the international trading system is configured to ensure sustainable economic growth that is enjoyed by all peoples of the world. This challenge is complicated by non-trade factors such as political instability, environmental degradation, and cultural differences.

Antidumping and countervailing duty measures can no longer languish on the books eternally. The new `sunset'' provision, agreed to during the Uruguay Round of multilateral trade negotiations, establishes a five-year time limit (from imposition or last review) on these measures.

Maintaining such measures now requires a finding that expiration would likely lead to dumping or subsidization and injury. Many member states, such as the United States, have had to modify their domestic legislation to incorporate the new rules. The commencement of the first round of sunset reviews in the United States is set for July 1998.

This timely, practical guide offers all the information on sunset reviews that practitioners in the field need to know. Separate chapters focus on the law and practice on expiration of measures before and after the Uruguay Round for the European Union (EU), Canada, Australia, and the United States--historically the major users of antidumping and countervailing measures.

Further chapters include:

Volume Four of The GATT Uruguay Round: A Negotiating History (1986-1994) deals with the final sessions of the world''s most ambitious trade negotiations to date and its most significant accomplishment--the creation of the World Trade Organization. It includes the negotiating history of important modifications made during the end-game in 1993 and before the signing ceremony in Marrakesh in April 1994.

This period saw major changes in the text and the extent of obligations undertaken in the agriculture and services sectors, as well as the final completion of negotiations in subsidies and countervailing duties, customs valuation, and other sectors. It was also during this last period that the final agreements in trade-related aspects of intellectual property rights (TRIPS) and trade-related invested measures (TRIMS) emerged.

Like the earlier volumes in this treatise, Volume Four is useful for its revelation not only of what was resolved but also of what was not resolved. This work belongs in the collection of all concerned with the evolution and continuing development of international trade as a vital component of our contemporary world.